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Is Japanese business culture ready for a close-up?
NEW YORK (The Street) — News of Japan’s second-quarter contraction was just another blow to “Abenomics” — the stimulus moniker Prime Minister Shinzo Abe uses in an attempt to revive the country’s economy. But a bigger issue may be getting foreign investors to trust Japanese companies, which have always resisted change, even from within. As …
Toshiba vows to change corporate culture and governance in the wake of scandal
FOLLOWING the massive resignation of its top management Following the revelation that Toshiba had inflated profits by 152 billion yen (£ 785 million) in the past six years, the company has promised sweeping changes in its accounting management. On July 29, he announced a series of corporate changes. Significantly, he intends to “establish a new …