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Transcripts For BLOOMBERG Bloomberg BusinessWeek 20171021

Carol we are here with the editorinchief megan murphy. In the business section, we take a look at japanese manufacturers, long felt in all held in awe for their practices but those practices now in question. Megan a steel manufacturer has been showing to use falsified specifications and companies that they had products that they have shipped. The scandal has drawn up, this broader issue in recent years, going back to olympus. We have had these Japanese Companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. The backbone of the country. Why are they being forced into these kinds of scandals . What is the pressure . And the answer is tried up. Julia four cost answer is china. Julia for cost reasons but also for whistleblower laws. Megan every scandal at a Japanese Company when it breaks, we are familiar with the public apology and public humiliation, Company Officials bowing and being contrite. It is such a part of the c

Transcripts For BLOOMBERG Bloomberg BusinessWeek 20171022

For their practices but those practices now in question. Megan a steel manufacturer has been showing to use falsified specifications and companies that they had products that they have shipped. The scandal has drawn up, this broader issue in recent years, going back to olympus. We have had these Japanese Companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. The backbone of the country. Why are they being forced into these kinds of scandals . What is the pressure . Answer is china. Julia for cost reasons but also for whistleblower laws. Megan every scandal at a Japanese Company when it breaks, we are familiar with the public apology and public humiliation, Company Officials bowing and being contrite. It is such a part of the culture that when you make a mistake you will not do it in your almost never heard from again. Executives are pushed out and the whistleblower law is vetted to this because people feel more dutybo

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