Japan's Antitrust Watchdog Raids Six Ice Cream Makers Over Price-Fixing

Japan's Fair Trade Commission (JFTC) raided six major ice cream makers on Tuesday on suspicion they colluded to raise recommended retail prices, according to sources close to the matter.

According to Kyodo News, the raids were part of an investigation into possible violations of the Antimonopoly Act. The manufacturers are suspected of agreeing among themselves to raise recommended retail prices, thereby influencing the domestic ice cream market.

The JFTC's operation underscores its resolve to maintain fair competition and protect consumers. No official comments have been made by the companies under investigation.