Old Tokyo correspondents such as myself think of Japan as the country that abolished news, as a place of processes and trends rather than big events. So it came as a surprise that corporate Japan produced not just one big news splash but two last week: the Toshiba accounting scandal and Nikkei’s purchase of this paper. Beyond surprise, however, the two events raise a common concern about Japan’s corporate culture and the way it is reflected in the country’s media. Is the concern justified? Yes, but also no.
Admittedly, no one has really criticised Japan’s main business daily,
the Nihon Keizai Shimbun (known
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