Kobe Steel: A scandal made in Japan - Counting the Cost

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Kobe Steel, Japan's third-largest steelmaker, has admitted it faked data about the strength of products delivered to more than 200 companies for the past decade.

The steelmaker Kobe producers, so it's a scandal that's unsettling the transportation industry worldwide.

General Motors, Boeing, Toyota and Honda are among the firms checking their products and supply chains.

The manufacturer of the Japanese Shinkansen bullet trains says it's already found parts supplied by Kobe that failed to meet industry standards. The 112-year-old metals manufacturer said further cases could come to light.

Florence Looi reports from Tokyo on the issues behind the scandal and the impact on Japan's reputation.

Marcel Thieliant, Japan economist at Capital Economics, joins Counting the Cost to discuss the Kobe scandal and Japan's corporate culture.

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