6 ice cream makers suspected of colluding to raise prices in Japan

Japan's antitrust watchdog searched six major ice cream makers Tuesday on suspicion of colluding to raise suggested retail prices, sources familiar with the matter said.The Japan Fair Trade Commission searched the offices of Meiji Co., Morinaga Milk Industry Co., Lotte Co., Ezaki Glico Co., Morinaga & Co. and Akagi Nyugyo Co. over a possible violation of the antimonopoly law, the sources said.The six companies are suspected of exchanging information through emails and meetings over several years to coordinate the timing and size of increases in suggested retail prices for ice cream and othe…READ FULL ARTICLE