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Japan's Chugoku, Chubu and Kyushu Electric hit with JFTC's record-breaking fine for cartel

By Sachiko Sakamaki ( March 30, 2023, 11:15 GMT | Insight) -- Chugoku Electric Power, Chubu Electric Power and Kyushu Electric Power have been hit with a record-breaking antitrust fine — a combined 101 billion yen ($763 million) — for a cartel involving electricity sold to business and government customers in central and western Japan. Chugoku Electric Power, Chubu Electric Power and Kyushu Electric Power have been hit with a record-breaking antitrust fine — a combined 101 billion yen ($763 million) — for a cartel involving electricity sold to business and government customers in central and western Japan....

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