Japan finance watchdog vows insurer probe after price-fixing allegations

FSA will look into risk-sharing joint contracts, commissioner says

20230804N FSA Kurita

Teruhisa Kurita, commissioner of Japan's Financial Services Agency, sat down for an interview with Nikkei. (Photo by Kotaro Igarashi)

KENSUKE YUASA and YUKI SEKIGUCHI, Nikkei staff writers

TOKYO -- The head of Japan's Financial Services Agency has pledged a long, wide-ranging investigation into the nation's leading property insurers after evidence has emerged that they colluded on setting prices for corporate customers.

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