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Secrecy, hierarchy haunt Japan corporate culture despite Abe's reforms

Reuters  |  TOKYO 

By Linda SiegTOKYO (Reuters) - A spate of high-profile scandals at leading Japanese companies show reforms and rhetoric aimed at improving the country's corporate governance do not go far enough to unwind the culture of secrecy and hierarchy that plagues Japan Inc.Prime Minister Shinzo Abe won applause for introducing new corporate governance rules over the past two years in bid to attract foreign investment and shake-up Japan's too-cozy corporate culture.But scandals including Mitsubishi Motor Corp's admission that it used non-compliant fuel economy testing methods for decades and last ...

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First Published: Tue, May 03 2016. 11:30 IST