11 Japanese firms fined for antitrust violation

Eleven Japanese companies have been fined for fixing electrical devices' prices, said the nation's antitrust regulator on Thursday.

According to the penalty statement announced by the National Development and Reform Commission, some industrial leading companies, including Mitsubishi Electric, Furukawa Electric and NSK Ltd, have been fined 44.88 million yuan, 34.56 million yuan and 174.92 million yuan, respectively.