
Japan Regulator Raids Four Major Breweries Over Suspected Price-Fixing
The Japan Fair Trade Commission (JFTC) has raided the headquarters of Asahi, Kirin, Sapporo, and Suntory Spirits, alleging they conspired to fix beer prices. The investigation focuses on price hikes announced in October 2022 and April 2025, which the firms justified by rising raw material and energy costs. While the four companies dominate the market, their stock prices fell on the news, and they have pledged full cooperation with the probe.













