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 will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    From Cameroon to US-Mexico border: 'We saw corpses along the way'

    'We saw corpses along the way'

    Kombo Yannick is one of the many African asylum seekers braving the longer Latin America route to the US.