Japan’s four biggest beer makers raided over suspicion of price fixing

Japan's four largest beer manufacturers - Asahi Group Holdings, Kirin Holdings, Suntory Holdings, and Sapporo Holdings - were raided by the Japan Fair Trade Commission (JFTC) over suspicions of price fixing. The JFTC suspects that the companies may have violated the Anti-Monopoly Act. Shares of the beer makers fell following the raid.