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GgoogleJP BusinessBusiness first seen 11 h ago, last 9 h ago, peak #3

Japan fair trade commission finds 42 firms rigged condo repair bids

Original: 公正取引委員会

Japan's Fair Trade Commission found 42 companies colluded on large-scale condominium repair work in the Kanto region, ruling it a violation of the Antimonopoly Act. It ordered the firms to pay surcharges of about 1.6 billion yen. The commission says residents' repair costs may have been improperly inflated, prompting public concern over fees charged to apartment owners.

Why now: The bid-rigging ruling directly affects condo residents who may have overpaid for repairs, making it a hot topic in Japan.

Japan Fair Trade CommissionTBScondominium repair firmsKanto region

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