Business Standard

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

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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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