The Japan Business Federation (Keidanren) decided that Kajima and TAISEI CORPORATION would abstain from business community activities for 120 days from 7 November after both companies received guilty verdicts in the bid-rigging case involving the Chuo Shinkansen maglev line. During the period, they will refrain from participating in meetings of member companies and committees that discuss policy recommendations.
The Japan Business Federation (Keidanren) announced that Kajima and TAISEI CORPORATION would abstain from business community activities for 120 days from 7 November after both companies received guilty verdicts in the Linear Shinkansen bid-rigging case. The measure is being implemented after Keidanren approved a request from the 2 companies.
During the period, both companies will refrain from participating in meetings of member companies and committees that discuss policy recommendations. The period of abstention overlaps with the period of their suspension from bidding, with the measure intended to ensure compliance with restrictions on activities within the organization.
The measure follows the finalization of guilty verdicts in the bid-rigging case involving the Chuo Shinkansen maglev line and could affect future corporate conduct and the response of industry organizations.