JFTC Raids Bearings Cos. Over Antitrust Worries

Law360, New York (July 26, 2011, 4:59 PM EDT) -- Japan's antitrust watchdog raided four companies that make industrial bearings Tuesday amid suspicions that the manufacturers may have violated the country's anti-monopoly law.

The Japan Fair Trade Commission carried out on-site inspections of NSK Ltd., NTN Corp., Jtekt Corp. and Nachi-Fujikoshi Corp., the companies confirmed.

The probe centers on the Japanese companies' sales of bearings, which are used to reduce friction at mechanical joints in industries including wind energy, mining, automotive and construction.

The companies said they planned to cooperate with the investigation, which will examine...
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