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.

by

    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.


    YOU MIGHT ALSO LIKE

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.