Japan’s toothless watchdog raids 30 building companies
Japan’s toothless watchdog, the FTC, to stiffen Japan’s govn’t construction competition law. BAH! That “competition law” has micro-penalties that are levied by the FTC —so small that they are less than a construction office’s petty cash for paper clips. This problem of repeat “dango”/bid-rigging is found in EVERY SINGLE Japanese construction company. No exceptions—all Japanese construction companies are involved and the Japanese government encourages “dango”.
Japanese watchdog raids 30 building companies
Tokyo — Japan’s regulatory watchdog yesterday raided the offices of about 30 construction companies in Utsunomiya, a city north of Tokyo, seeking evidence of bid-rigging for public works projects.
Utsunomiya Kensetsugyo Kyokai, the local construction industry association, and 30 member companies suspected of bid-rigging were previously penalised in 1995 by Japan’s Fair Trade Commission and fined Y1.5bn in surcharges…..
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