Japan Lawmakers OK Harsher Penalties For Cartels

Law360, New York (February 12, 2009, 12:00 AM EST) -- A panel of Japan's ruling Liberal Democratic Party has reportedly approved a bill to revamp the country's Antimonopoly Law to include tougher criminal penalties for cartels and bid-rigging.

The bill would increase maximum jail terms for offenders from the current three years to five years, according to a report Thursday in the Japan-based Kyodo News.

Officials at Japan's Fair Trade Commission called for harsher penalties to combat an increase in secret business deals and to put the country in line with international standards, Kyodo reported....
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