On Nov. 22, 2012, Japan’s Fair Trade Commission (JFTC) fined four Japanese car parts companies, Mitsubishi Electric Corp., Mitsuba Corp., T. Rad Co. and Calsonic Kansei Corp. a total of 4.3 billion yen ($47.7 million) for engaging in price-fixing. The JFTC began investigating the price-fixing activities, which took place between June 2000 and March 2003, in 2011, at the same time as other regulators, including the U.S. Department of Justice, were carrying out parallel probes. The JFTC found that the companies conspired to fix the prices of several car parts, including generators, starters, windscreen wipers and radiators, and charged inflated prices to several car companies including Honda, Suzuki and Nissan. In addition to levying fines, the JFTC has ordered the companies to adopt a resolution stating that they have terminated the offending conduct, will not engage in similar conduct in the future, will issue compliance guidance, and will implement regular staff training on Japan’s Anti-Monopoly Act.
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Japan’s Fair Trade Commission fines car parts companies for price-fixing
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