The Fair Trade Commission has ordered three major regional utilities to pay record fines of about 101 billion yen ($757 million) in total for forming cartels that eliminated competition for corporate customers.
Japan's trade watchdog on March 30 ordered three major electricity companies to pay a total of 101 billion yen ($763 million) in fines for allegedly forming a cartel over electricity sales targeting businesses.
Japan's antitrust watchdog on Thursday ordered three major utilities to pay a total of 101 billion yen in fines for forming cartels over electricity sales, in a move that goes against the nation's efforts to free up the electric power market. The amount of the penalty, to be collected from…
For decades, new plants have been blocked by powerful local interests, the owners of hot spring resorts, that say the sites threaten a centuries-old tradition.