TOKYO, Dec 9 (Reuters) – Japanese trade minister Yukio
Edano said on Friday that no arrangements are being made to
inject public funds into struggling Tokyo Electric Power Co
, the operator of the crippled Fukushima Daiichi nuclear
power plant.

“As of now no requests have been made (from Tokyo
Electric), and it is not the case that we are specifically
making arrangements in the direction of injecting public funds,”
he told a news conference.

TOKYO (Reuters) – Olympus Corp’s board signalled plans to quit over a $1.7 billion accounting fraud, but will likely pick a team of potential successors, triggering a battle for control of the Japanese firm with the former CEO who blew the whistle on the scandal.

At a news conference on Wednesday, Olympus said one director had resigned, others may follow, and the entire board could go once the firm submits its second-quarter earnings, due by December 14, and takes steps to put the disgraced company back on track.

TOKYO (Reuters) – Japan’s corporate governance system is not to blame for the huge accounting scandal at Olympus Corp, and foreign investors are unlikely to abandon Japanese firms, an official at the powerful business lobby Keidanren said on Wednesday.

Shares of Olympus have dropped around 50 percent since the scandal erupted and some experts have said the case could dampen foreign investors’ willingness to invest in Japan.

TOKYO, Dec 7 (Reuters) – The entire board of Japan’s
Olympus Corp signalled its plans to quit, maybe as
early as February, over a $1.7 billion accounting fraud, and set
up an outside committee to advise whether to sue those
responsible for the scandal.

One director resigned, and the company’s president, Shuichi
Takayama, said the entire board would step down once they had
submitted their second-quarter earnings — due by Dec. 14 — and
taken steps to put the disgraced company back on track.

TOKYO (Reuters) – An independent panel issued a damning report on a $1.7 billion accounting scandal at Japan’s disgraced Olympus Corp on Tuesday, urging legal action against “rotten” executives responsible for the cover-up and the replacement of other board members.

The six-man panel found no link with organised crime, however, an outcome that might help the 92-year-old maker of cameras and endoscopes remain listed on the Tokyo stock exchange and survive a scandal that ranks among Japan’s worst.

TOKYO (Reuters) – An investigative panel on Tuesday found no link between organised crime and Japan’s disgraced Olympus Corp, an outcome that may help it survive a $1.7 billion (1 billion pounds) accounting scandal that ranks as one of the nation’s worst.

The maker of cameras and medical equipment faces delisting from the Tokyo market, and a bleak future as an independent firm, if proof is found to support a much-rumoured link between “yakuza” gangsters and its efforts to hide losses off its books.

TOKYO, Dec 6 (Reuters) – An investigative panel on
Tuesday found no link between organised crime and Japan’s
disgraced Olympus Corp, an outcome that may help it
survive a $1.7 billion accounting scandal that ranks as one of
the nation’s worst.

The maker of cameras and medical equipment faces delisting
from the Tokyo market, and a bleak future as an independent
firm, if proof is found to support a much-rumoured link between
“yakuza” gangsters and its efforts to hide losses off its books.

TOKYO, Nov 25 (Reuters) – The ex-CEO of Japan’s
disgraced Olympus Corp (7733.T: Quote, Profile, Research) attended what he called a tense
but civilised board meeting on Friday with the directors who had
sacked him, and said all hoped the firm could avoid being
delisted over the scandal engulfing it.

But Michael Woodford, still an Olympus director despite
being fired as CEO a month ago and blowing the whistle over the
accounting scam, said there had been no talk of him returning to
lead a clean-up of the once-proud maker of cameras and
endoscopes.

TOKYO (Reuters) – The ex-CEO of Japan’s disgraced Olympus Corp arrived on Friday for a boardroom showdown with the directors who had sacked him, as the firm’s share price leapt on hopes he could play a role in putting a huge accounting scandal behind it.

Michael Woodford, still an Olympus director despite being fired as CEO a month ago and blowing the whistle over the scandal, made a rock-star entrance at Olympus headquarters, pushing past reporters and TV crews to enter the building.

TOKYO (Reuters) – Employees at Japan’s Olympus Corp are feeling shock, anger and betrayal as they watch the public humiliation of a company to which many have devoted their working lives.

The 92-year-old camera and medical equipment maker, engulfed by a huge accounting scandal, is typical of the big Japanese firms that for decades offered life-long jobs in return for loyalty and hard work. That system has frayed in recent years, but its legacy is strong, especially among long-time workers.