Japan FTC Probes Rubber Hose Makers

Law360, New York (May 7, 2007, 12:00 AM EDT) -- Advancing an international investigation into price fixing in the rubber hose industry, Japan’s Fair Trade Commission on Monday raided Bridgestone Corp. and Yokohama Rubber Co. for suspected anticompetitive activities.

The commission plans to look into marine hose sales, the Japanese press reported. Marine hoses, made mostly of rubber, are used to send oil from tankers to onshore storage facilities.

Both Bridgestone and Yokohama confirmed Monday that their offices had been searched, and said they would cooperate with the JFTC’s investigation.

Bridgestone and Yokohama are the largest...
To view the full article, register now.