Season of Scandal Hits Japan With Company Confession Flurry

Updated on
  • Three companies admit to malfeasance in 24 hour period
  • Japan's Toshiba, Takata caught up in scandals earlier

Toshiba executives bow during a news conference in Tokyo. The outbreak of admissions raises questions about what is happening in Japan and whether more scandals are on the way. Prime Minister Shinzo Abe has said Japan needs more support from global investors and has pressed companies to improve corporate governance with more transparency and independent board members.

Photographer: Akio Kon/Bloomberg

Japan, a country that prides itself on propriety and order, has suddenly hit a season of corporate scandals.

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