Japan steel giant's shares melt as misconduct scandal grows

The impact of the Kobe Steel scandal is starting to be felt. One of Japan's largest steelmakers has lost more than a third of its stock market value - in a record two-day slide - after admitting it falsified product data on its products.

The improper certifications were made so products appeared to meet customers’ specifications when they in fact did not.
And the misconduct now appears to be wider than initially thought.

Al Jazeera's Florence Looi reports from Tokyo.

- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: http://www.aljazeera.com/
News & Politics
Be the first to comment