News Headlines - 20 April 2016
▽Mitsubishi Motors Admits Manipulating Fuel-Economy Data - WSJ
Mitsubishi Motors Corp. said employees improperly manipulated fuel-economy data to inflate mileage results on at least 625,000 vehicles, the latest self-inflicted wound by an auto maker.
▽Toshiba CEO Expected to Resign After Huge Westinghouse Writedown - Fortune
Japan’s Toshiba Corp is preparing to write down the value of its stake in U.S. nuclear subsidiary Westinghouse by around 200 billion yen ($1.83 billion), sources familiar with the matter said on Wednesday.
Separately, a company committee is meeting on Wednesday to approve the resignation of Chief Executive Masashi Muromachi...
▽Japan Falls Behind in Race for Australian Submarine Contract - WSJ
Japan has been virtually eliminated from a multibillion-dollar contest to supply Australia’s navy with new submarines, two people familiar with the matter said, with German or French competitors now favored to win one of the world’s most lucrative current weapons deals.
▽CatholicHerald.co.uk » Catholic school in Japan at the centre of abuse allegations
Three former students at St Mary's International School allege abuse by religious brothers who taught there
The value of imported fake goods worldwide stood at $462 billion (￡270 billion) in 2013 – the equivalent of the global economic output of Austria or the combined GDP of Ireland and the Czech Republic.
