Sweet Deception? Japan's Major Ice Cream Makers Raided Over Price-Fixing Allegations
Japan's Fair Trade Commission (JFTC) has launched an on-site investigation into six of the country's major ice cream manufacturers on suspicion of violating the Antimonopoly Act by colluding to coordinate retail prices. The companies under investigation include industry giants Meiji, Lotte, Ezaki Glico, Morinaga & Co., Morinaga Milk Industry, and Akagi Nyugyo. With ice cream prices rising steadily under the guise of soaring raw material and energy costs, the revelation of a potential cartel among top brands has sparked widespread public anger and disappointment. A Coordinated Price Spike Behind the Scenes According to reports, the companies are suspected of pre-arranging wholesale price hikes, coordinating both the timing and the margin of the increases to align with one another. While consumers have been continuously squeezed by rising costs across the food sector—usually justified by companies as unavoidable due to logistics and ingredient inflation—this investigation sug...