Ring-Tone Barons? Japanese Record Companies Raided

PuceBaboon writes " The Asahi Shimbun is reporting that officers from the Fair Trade Commission raided several major record companies in Japan, including Sony Music Entertainment, Toshiba EMI and Avex, on suspicion of creating a monopoly for the purpose of maintaining artificially high prices on... telephone ring-tone tunes."

Comments

Re:Collusion among Japanese companies?

[Pythagorus]

Tokyo's not a city, but a prefecture...I live here...Now if there's anything that can be done about the rest of the criminally high prices in every other aspect of life in Japan. The economy here will never recover because so many families have a few million in the bank, but are afraid to spend it. Nothing's moving. The government wants more kids so they'll have more tax-payers, but not only is the cost prohibitively high, standards for pollution levels, building safety, etc. are in the gutter with all the other corruption...