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Nov 15, 2011

Japan walks tightrope to restore trust after scandal

TOKYO (Reuters) – Japanese regulators appear to be trying to regain the trust of investors unnerved by a scandal engulfing Olympus Corp, with a formula that would punish the executives responsible harshly but let the once-proud firm stay listed on the stock market.

But the formula requires a tricky balancing act from the regulators as they grapple with one of the nation’s biggest corporate scandals and with calls for more lasting reform.

Nov 15, 2011

Analysis: Japan walks tightrope to restore trust after scandal

TOKYO (Reuters) – Japanese regulators appear to be trying to regain the trust of investors unnerved by a scandal engulfing Olympus Corp, with a formula that would punish the executives responsible harshly but let the once-proud firm stay listed on the stock market.

But the formula requires a tricky balancing act from the regulators as they grapple with one of the nation’s biggest corporate scandals and with calls for more lasting reform.

Nov 10, 2011

Japan police move on Olympus as investors demand clean-out

TOKYO (Reuters) – Japanese police have launched an investigation into the financial scandal engulfing Olympus Corp, a newspaper said on Thursday, as a major investor joined increasing calls for a wholesale clean-out of the board.

Tokyo Metropolitan Police are investigating the firm’s concealment of investment losses for possible violation of financial laws, the Yomiuri newspaper said, adding that police had asked Olympus for internal accounting documents and would also question Olympus executives and related officials.

Nov 9, 2011

Olympus investment losses may have exceeded $1 billion: report

TOKYO (Reuters) – Losses on securities investments at the core of a scandal rocking Japan’s Olympus Corp may have once exceeded $1 billion, the Nikkei newspaper said on Wednesday, as the firm’s share price plunged due to doubts about its future.

Olympus admitted on Tuesday it used M&A deals to hide losses dating back two decades, a revelation that appeared to vindicate ex-CEO Michael Woodford, who has publicly pressed the 92-year-old maker of endoscopes and cameras to come clean on a series of mysterious deals.

Nov 8, 2011

Japan tries, again, to cut corporate ties to yakuza

TOKYO (Reuters) – Aki Tsurumaki says he never felt his life was in danger during the 15 years he has been helping companies escape entanglements with Japan’s “yakuza” crime syndicates.

But the 42-year-old lawyer jokes that he does not take any chances, adding with a smile, “I never stand near the edge of the train platform.”

Nov 8, 2011

Analysis: Japan tries, again, to cut corporate ties to yakuza

TOKYO (Reuters) – Aki Tsurumaki says he never felt his life was in danger during the 15 years he has been helping companies escape entanglements with Japan’s “yakuza” crime syndicates.

But the 42-year-old lawyer jokes that he does not take any chances, adding with a smile, “I never stand near the edge of the train platform.”

Oct 27, 2011

Reformist Japan farmers urge free trade to spur change

MIKAWA, Japan, Oct 27 (Reuters) – Like other farmers on this
fertile, coastal plain in northeast Japan, where patchwork rice
fields stretch to the mountains beyond, Kazushi Saito knows
firsthand that the nation’s shrinking agricultural sector is in
dire straits.

But unlike many, the 54-year-old rice farmer backs a
controversial free trade deal that could remove a near 800
percent tariff on rice, aimed at excluding most
imports of a staple that is ingrained in Japan’s culture.

Oct 26, 2011

Analysis: Japan, slowly, waking up to the mess at Olympus

TOKYO (Reuters) – Japanese media interest has been muted, regulators are mostly mum and many politicians seem unaware anything is amiss.

A scandal over questionable deals at Japan’s Olympus Corp (7733.T: Quote, Profile, Research, Stock Buzz) has so far generated little domestic heat in a country where critics say corporate governance is lax, but signs are emerging that the wall of indifference might crack.

Oct 26, 2011

Japan, slowly, waking up to the mess at Olympus

TOKYO (Reuters) – Japanese media interest has been muted, regulators are mostly mum and many politicians seem unaware anything is amiss.

A scandal over questionable deals at Japan’s Olympus Corp has so far generated little domestic heat in a country where critics say corporate governance is lax, but signs are emerging that the wall of indifference might crack.

Oct 26, 2011

Analysis – Japan governance debate mute despite Olympus

TOKYO (Reuters) – Japanese media interest has been muted, regulators are mostly mum and many politicians seem unaware that anything is amiss.

A scandal over questionable deals at Japan’s Olympus Corp has so far generated little domestic heat in a country where critics say corporate governance is lax, but signs are emerging that the wall of indifference might crack.

    • About Linda

      "I direct a team of reporters responsible for covering politics, diplomacy, social and security policies in the world's second-biggest economy, as well as natural disasters, entertainment and lifestyle trends. I have been in my current position since April 1999 and prior to that was Chief Economics Correspondent, Japan."
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