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Regulators reach across borders to break up business cartels

A widening dragnet uncovers an international web of violations

Japan's Fair Trade Commission has been expanding its cross-border cooperation with antitrust regulators in other countries.

TOKYO -- In early January, Singapore's antitrust watchdog announced that five companies -- Japanese electronics parts makers and local subsidiaries -- had been involved in fixing the prices of capacitors used in electrical home appliances, and in other cartel activities. The regulator proceeded to fine four of the five companies a total of 19.5 million Singapore dollars ($14.8 million).

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