• Kyodo News

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A Liberal Democratic Party panel approved a bill Thursday to revise the Antimonopoly Law to include harsher criminal penalties for bid-rigging and illegal cartels.

Under the bill, to be submitted to the Diet soon, individuals accused of rigging bids or engaging in illegal cartels could face prison terms of up to five years, compared with three years at present, according to the LDP’s research commission on the law.

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