provisional scandal. it is important to note that toshiba is obviously very unique. it was really successful with strong ties to the government so to say that japanese companies and corporate governance overall has not improved, may be misleading or unfair but having said that, as you mentioned, it was also a bad week for mizuho bank. an independent panel found repeated system failures were because of a corporate culture that prevented positive and proactive action in a crisis . what i thought was interesting was that this investigation especially into toshiba was requested byjapanese especially into toshiba was requested by japanese activist shareholders based here in singapore, and that is when the new trend over the last few years, so whether or not this will actually finally change companies corporate structure will be something that investors will be closely watching. investors will be closely watching- let s get some of
let s go live to our asia business hub and join mariko 0i. talk us through what those reports said. sally, let s start with toshiba, because that is the really explosive story and an independent investigation found the company colluded with the japanese government in that they exerted undue influence on active shareholders based abroad. the report calls that the biggest corporate scandal in a decade . the japanese trade minister said there will be no further investigations. the company has had that huge accounting scandal, if you remember, shares were demoted from the first section of the tokyo stock exchange and they just returned to the top tier only a few months ago, but this latest scandal really makes you wonder if the company learned anything at all from that provisional scandal. anything at all from that provisionalscandal. it anything at all from that
some signs that this can be moderatinu. ., ., w , ., moderating. cannot quickly ask ou, we moderating. cannot quickly ask you. we are moderating. cannot quickly ask you, we are almost moderating. cannot quickly ask you, we are almost out - moderating. cannot quickly ask you, we are almost out of - moderating. cannot quickly ask| you, we are almost out of time, your views, when you then that the us central bank will start to make a move and raise the cost of borrowing, which is near zero all, you know, bring back some of that cheap money that it back some of that cheap money thatitis back some of that cheap money that it is turning out on a monthly basis. when we start to come off the intravenous drip? we think interest rates are likely to rise until at least 2023, for at least two years, but the bond buying programme, which is 100 billion us dollars per month, they may stay to scale back early next year. before they raise interest rates. ~ ., ., ~ before they raise interest rates.
welcome to the programme. using boomin: welcome to the programme. using booming business? welcome to the programme. using booming business? we welcome to the programme. using booming business? we are - welcome to the programme. ii; “i; booming business? we are seeing an incredible level of demand for super brands like chanel right now. the worry is for many that companies like yours, the minute a new handbag is put out, you snap them all up and then you sell them on for a profit. that is the thinking. is that what is going on? if only it were that easy. the most desirable handbags on the market from brands very much derive their value from the fact that they are so difficult to buy in the first place. it is their scarcity that gives them value. so even if we wanted to snap them up we would not be able to. not be able to. about the problem not be able to. about the problem of not be able to. about the problem of counterfeit i not be able to. about the - problem of counterfeit
is the government has chosen not to get companies to produce reduce the gender pay gap. 0nly15% reduced it last year and the data that we analyse shows very clearly that the gender pay gap for ftse all share is around 20%, against the industry average of 30% of all companies. and it is up against 40% against the all company average. is every company average. is every company that has do report, of around 20% of bonus level. so yes, we are reporting it to a government website that nobody is measuring and monitoring what is happening with individual companies. for example i could not find 25% of the gender pay gap reports you have to publish them if employing more than 250 people. these companies hide it in pdfs. we see it, if you have a