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Toshiba scandal exposes Japan Inc's governance flaws

Masashi Muromachi, interim president of Toshiba Corp (left), Mr Tanaka (centre), and vice-president Keizo Maeda, at a news conference in Tokyo on Tuesday.


TOSHIBA'S billion-dollar accounting scandal has shone a light on a corporate culture in Japan still beset by collusion in its senior ranks, unquestioning employees and poor external controls, experts say.

The vast 140-year-old conglomerate was hammered this week by