TOKYO -- Obayashi, a leading Japanese construction company, admitted breaching antitrust laws in bidding for contracts for a new high-speed train project, with the voluntary nature of its disclosure meaning it will likely escape any fine.
The company told the Japan Fair Trade Commission, the country's antitrust watchdog, that it was involved in obstructing the bidding along with three other top contractors -- Taisei, Kajima and Shimizu -- and was raided by public prosecutors in December.
