Ghosn scandal shows Japan is slowly raising its game

Hong Kong (CNN Business)The downfall of Nissan Chairman Carlos Ghosn is the latest major scandal to send shock waves through corporate Japan, and it raises new questions about how the country’s top companies are run.

The crisis engulfing Ghosn, who was arrested Monday in Tokyo after Nissan accused him of “significant” financial wrongdoing over many years, has echoes of some of the other embarrassing problems that have emerged at Japanese companies in recent years.
But it may also be a sign that Japan Inc is getting better at addressing corporate governance failings, even when they involve one of its most prominent executives.

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