Japan's Nikko receives corrective recommendation over payment cuts
By Genta Nakanishi ( October 30, 2026, 06:30 GMT | Insight) -- Japanese bolt manufacturer Nikko received a corrective recommendation Friday from Japan's competition watchdog for improperly reducing payments to 16 subcontractors. The privately held company has already paid the deducted amount but was instructed to strengthen its compliance system to prevent a recurrence.Japanese bolt manufacturer Nikko received a corrective recommendation Friday from the Japan Fair Trade Commission, or JFTC, for reducing payments to 16 subcontractors by approximately 17.12 million yen ($110,000) between December 2024 and December 2025, in violation of Japan's former Subcontract Act....
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