Japan FTC Urges General Contractors to Prevent Antitrust Behavior

Politics

Tokyo, Aug. 7 (Jiji Press)--Japan Fair Trade Commission Chairman Kazuyuki Sugimoto has separately summoned the presidents of four major general contractors to demand action to prevent antitrust behavior within their groups, sources said Wednesday.

The apparently unprecedented move by the FTC followed a spate of antitrust violations by companies linked to the four--Obayashi Corp. <1802>, Kajima Corp. <1812>, Taisei Corp. <1801> and Shimizu Corp. <1803>.

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 also said.

Officials of the four companies admitted that they received the requests from the antitrust watchdog.

[Copyright The Jiji Press, Ltd.]

Jiji Press