Kobe, in Japan, is most well-known internationally for its luxury beef industry. But now the name of the port city may be marred in scandal. The Economist reports that Kobe Steel has admitted to falsifying data regarding its aluminum, copper and steel products. Kobe Steel is one of the oldest industrial firms in all of Japan and 3 days after the bombshell admission its stock had fallen by $1.6 billion.
The False Data