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Singapore/Japan: Watchdogs get tough on price-fixing with latest fines

 |  December 18, 2013

Singapore regulators have reportedly imposed price-fixing fines on four Japanese companies found to have fixed product pries.

JTEKT Corp, NSK, NTN and Nachi-Fuhikosji have all been fined by the Competition Commission of Singapore after the regulator found the firms to have fixed ball bearing prices.

Reports say the fines are not final and the regulator will receive rebuttals from the companies before any sanction is official.

Full Content: The Japan News

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