Data-cheat­ing may have spread beyond Ja­pan: Kobe Steel CEO

Business Standard - - WORLD -

Kobe Steel’s CEO said on Thurs­day the firm’s data-fabri­ca­tion may have spread beyond Ja­pan, as he was or­dered by the govern­ment to re­port on how the mis­con­duct oc­curred and ad­dress safety con­cerns that have sparked a scare along global sup­ply chains. Hiroya Kawasaki told re­porters the cheat­ing scan­dal has left Kobe Steel’s cred­i­bil­ity at “zero,” un­der­scor­ing the deep­en­ing cri­sis at the steel­maker and the sweep of qual­ity problems be­set­ting Ja­pan’s once-vaunted man­u­fac­tur­ing sec­tor. “The cred­i­bil­ity of Kobe Steel has plunged to zero. We will make ef­forts to re­gain trust as soon as pos­si­ble,” Kawasaki, 63, told re­porters af­ter meet­ing govern­ment of­fi­cials.

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