JFTC to Fine 6 Firms Over Tokyo Games Bid Rigging; Dentsu Among Those Facing Administrative Penalty

JFTC to Fine 6 Firms Over Tokyo Games Bid Rigging; Dentsu Among Those Facing Administrative Penalty

In a bid-rigging case related to the Tokyo Olympics and Paralympics held in 2021, the Japan Fair Trade Commission (JFTC) plans to recognize that seven companies, including advertising giant Dentsu Group Inc., violated the Antimonopoly Law that prohibits “unreasonable restraint of trade.” It plans to order six of them to pay administrative fines totaling ¥3 billion.