Chinese expose TV show pares 30b yuan off Japanese shares

Hong Kong

TWO of the Japanese companies criticised by a widely-followed consumer-protection show on state-run television in China fell in Tokyo trading, wiping a combined 30 billion yen (S$371 million) off their market value.

The annual program, a "name and shame" show that aims to uncover abuses by companies, said retailer Ryohin Keikaku Co had sold mislabelled products, including foods by snack-maker Calbee Inc.