TOKYO -- The Tokyo Electric Power Company (TEPCO), which had been a bastion of cronyism and corruption even before the triple meltdown at its Fukushima Daichii nuclear power following the March 11 earthquake, has today begun the process of being nationalized by the Japanese government.
Today’s extraordinary shareholding meeting for Olympus, which is under investigation for $1.7 billion of fraudulent accounting, lasting just under three hours, was punctuated with angry shouting, protests, a motion to fire the chairman of the meeting, and one surprise.
The investigation into corporate malfeasance and fraud at Japan’s troubled optical equipment maker Olympus, took a new turn on Thursday with the arrest of three former Olympus officials and four others on charges of violating financial filing regulations.
A controversy is brewing among Japan’s fanatical followers of Hello Kitty: Is the character who has been plastered on everything from stickers to face massagers to toasters to panties to deodorant sprays and long officially described as an English citizen actually a Japanese national?
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