NEWSWORTHY

Commentary / Japan 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

Business / Corporate 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 about ...

Business / Corporate 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 from ...

Olympus fears compact camera sales will keep falling

Business / 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 Executive ...