FTC Inspects 4 Firms over Suspected Paper Bid-Rigging
10:57 JST, April 12, 2023
TOKYO (Jiji Press) — Japan’s Fair Trade Commission on Tuesday conducted on-site inspections of seven facilities linked to paper distributor Japan Pulp and Paper Co. and three other companies over suspected bid-rigging, Jiji Press has learned.
The four companies underwent the inspections for alleged antimonopoly law violations, as they are suspected of rigging bids for contracts with the National Printing Bureau for the supply of paper for the government’s official gazettes.
According to informed sources, the three others are Kokusai Pulp & Paper Co., which is a subsidiary of KPP Group Holdings Co., NP Trading Co., which is a unit of Nippon Paper Industries Co., and Fukui Shigyo.
The four are suspected of prearranging winners of the biddings to keep contract prices at high levels. The suspected malpractice is believed to have started around 10 years or more ago, according to the sources.
Orders placed for paper for the government’s official gazettes annually reach around ¥150 million.
"Business" POPULAR ARTICLE
-
Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
-
Major Start-Up Support Center Station Ai Opens in Nagoya; ¥15.3 Bil. Facility Built to Bring Together Emerging Companies
-
Japan’s Major Carmakers to Review Production Bases After Trump Win; Mexico Manufactured Vehicles Could be Hit by Tariffs
-
Japan’s Sumitomo Mitsui Offers New Hires Sure Path to U.S., U.K. Branches, with 40% of Bank Revenue Already Coming from Abroad
-
Japan’s Economy Expands Annualised 0.9% in Q3 on Tepid Capex
JN ACCESS RANKING
- Streaming Services Boost Anime Popularity Overseas; Former ‘Geeky’ Interest More Beloved Among Gen Z than 3 Major U.S. Sports
- Malaysia Growing in Popularity as Destination for Studying Abroad; British-style Education Available at Low Cost
- ‘Women Over 30 Would Have Uteruses Removed’; Remarks of CPJ Leader, Novelist Naoki Hyakuta Get Wide Attention
- Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
- Japanese Sneakers Making their Presence Known with Innovative Designs; Drawing on Retro Inspiration for New Styles