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Toray Industries this week acknowledged falsifying product-quality data, but it is only the latest company in Japan to stub its toe in a big way.
The sale of Toshiba's chip unit is a test case for Japanese corporate reform. The electronics maker faces pressure from its banks, investors and bidders, the Japanese government looking on.
In the latest scandal to hit Big Business in Japan, Toshiba faces an accounting scandal and billion-dollar U.S. writedown that have tanked its stock and may cause its chairman resign.