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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Kobayashi Kaoru
Corporate Scandals at a Time When Corporate Philosophy is under Intense Scrutiny Like their counterparts in other countries, Japanese companies were keen to emphasize their corporate identity in the 1980s. This was particularly evident, for example, in their "Mission Statements" and "Vision Statements." Two decades later, we need to ask: Did their statements yield the desired effect? Did companies abide by their codes of ethics? In reality, a number of corporate scandals have shocked consumers and stockholders over the last few years, just when Japan is experiencing its worst ...