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Japan government wants to get actively involved in Kobe Steel

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Staff Writer | October 20, 2017
Hiroshige Seko
Asia   The third-biggest steelmaker

The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications.

Hiroshige Seko, the minister of economy, trade and industry, said that as the company's widespread misconduct has sent a chill along global supply chains.

Kobe Steel, Japan's third-biggest steelmaker, admitted earlier this month that it had falsified specifications on the strength and durability of its products.

The falsifications stretch back for more than 10 years, a senior executive told Reuters.

"This is a problem between companies, but we want to be actively involved in the issues," Seko told a news conference, adding that he hoped Kobe Steel would take proper and prompt actions to remedy the situation.

Japan's Transport Minister Keiichi Ishii also urged the company to investigate the falsifications and take proper prevention measures.

"It was extremely regrettable," Ishii told a news conference on Friday. "We want the company to take measures to make sure that it complies with laws and reinforces safety management," he said.


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