Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Crime & Legal Sep 27, 2013
Olympus reaches first shareholder settlement over accounting scandal
Olympus reaches its first settlement in a series of shareholder lawsuits over a bubble-era accounting fraud that gutted its value after it came to light.
Corporate 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 ...
Crime & Legal Sep 4, 2013
Olympus, Gyrus face fraud trial in U.K.
Britain's Serious Fraud Office will prosecute Olympus and its subsidiary over a scandal to cover up massive losses.
Crime & Legal Jul 3, 2013
Olympus trio avoid prison for fraud
The Tokyo District Court finds three ex-Olympus Corp. executives guilty of covering up massive investment losses and hands them suspended prison terms.
Crime & Legal Jun 12, 2013
Three advisers rearrested over Olympus accounting scandal
Three businessmen are served fresh arrest warrants on suspicion of illegally transferring ¥2.2 billion in Olympus "reward money" overseas after helping the camera maker hide massive losses.
Japan-related May 23, 2013
There are billions of reasons why Japan Inc. should reflect
by William Pesek
The flood of cash the Bank of Japan has made available to Japan Inc. has not opened executives to new ways of thinking or ushered more women into the workforce.
Corporate May 23, 2013
Olympus fears compact camera sales will keep falling
Olympus Corp. fears sales of its compact cameras may fall by half next fiscal year, extending a decline as consumers increasingly use smartphones to take pictures. Volume sales will drop to about 1.35 million units as early as the year starting in April, Chief ...
Crime & Legal Apr 24, 2013
Court to rule on Olympus execs in July
The Tokyo District Court will hand down rulings July 3 on former Olympus Corp. Chairman Tsuyoshi Kikukawa and two other defendants who have been accused of covering up the company’s massive investment losses. The financial scandal came to light in October 2011 when then ...
Review Feb 3, 2013
Woodford details scandal, but vengeance is not his
by Anthony Fensom
Why then did the Englishman who had it all decide to throw away his successful 30-year career at the Japanese corporate icon to blow the whistle on his fellow directors?
People | CLOSE-UP Dec 2, 2012
Michael Woodford: Japan's whistle-blower supreme speaks out
by David Hickey
Michael Woodford glances out of the floor-to-ceiling window of his multimillion-pound loft apartment, which looks out across the River Thames toward the City of London, the so-called Square Mile that is among the world’s leading financial and commercial centers. The 52-year-old Briton has effectively ...