Japan: JFTC demands action from four big contractors with multiple antitrust cases

Japan Fair Trade Commission (JFTC) Chairman Kazuyuki Sugimoto has separately summoned the presidents of four major general contractors to demand action to prevent behavior in violation of antitrust rules within their groups, sources said Wednesday, August 7.
The apparently unprecedented move by the JFTC followed a spate of antitrust violations by companies linked to the four; Obayashi, Kajima, Taisei, and Shimizu.
At the separate meetings with the general contractors’ presidents earlier this month, Sugimoto urged them to draw up preventive measures and ensure legal compliance by their group workers, the sources said.
He also referred to overseas cases in which parent companies were held responsible for antitrust violations by their subsidiaries, the sources said.
Officials of the four companies admitted that they received the requests from the antitrust watchdog.
Full Content: Japan Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Senators Urged to Expedite Gail Slater’s Confirmation as DOJ Antitrust Chief
Feb 11, 2025 by
CPI
Former Michigan Asphalt Executive Pleads Guilty in Bid-Rigging Scheme
Feb 11, 2025 by
CPI
Ballard Spahr Expands Litigation Team with Addition of Antitrust Attorney in Seattle
Feb 11, 2025 by
CPI
Portuguese Court Overturns €225 Million Fine for Banking Collusion Due to Statute of Limitations
Feb 11, 2025 by
CPI
Binance and SEC Request Stay in Crypto Lawsuit Amid New Regulatory Task Force
Feb 11, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon