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Japan-wide scandal erupts over steel company's falsified data

The fabrication of figures was found at all four of Kobe Steel's local aluminum plants in conduct that was systematic, and for some items the practice dated back some 10 years ago

Masumi Suga & Chikako Mogi | Bloomberg 

Kobe Steel unleashed an industrial scandal that reverberated across Asia’s second-largest economy after saying its staff falsified data related to strength and durability of some aluminum and copper products used in aircraft, cars and maybe even a space rocket. The Japanese company’s stock ended 22 per cent lower in Tokyo as customers including Toyota Motor, Honda Motor and Subaru said they had used materials from Kobe Steel that were subject to falsification. Boeing, which gets some parts from Subaru, said there’s nothing to date that raises any safety concerns. Rival ...

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First Published: Wed, October 11 2017. 01:52 IST