Oct 24, 2014

Western media distorts Japan

by Gregory Clark

Those two favorite targets for Western moralizing about Japanese corporate corruption — Olympus (cameras) and Recruit (information) — are back in the headlines. Both typify the shallowness of much Western reporting in Japan.

Ailing Olympus hunts for new camera markets

May 29, 2014

Ailing Olympus hunts for new camera markets

Olympus Corp. said it’s looking for new camera markets such as sensors used in cars after forecasting a loss in the business for this fiscal year — its fifth straight annual deficit. The scandal-tainted camera maker, also the world’s biggest endoscope supplier, will spend ...

Apr 9, 2014

Banks sue Olympus for ¥27.9 billion over fraud

Olympus Corp. said Wednesday it’s being sued by six banks for a total of ¥27.9 billion in damages, the largest amount among civil lawsuits filed against the camera and endoscope maker over a 13-year accounting fraud. The banks are seeking compensation for damages resulting ...

Mirrorless the new focus at Olympus

Sep 11, 2013

Mirrorless the new focus at Olympus

Scandal-tainted Olympus Corp. has no immediate plan to renew lineups of conventional single-lens reflex cameras, President Hiroyuki Sasa said Tuesday. “For the time being, we have no intention” to introduce new models, Sasa said at a press conference in Tokyo, suggesting that the company ...