Reuters Insider - Japan orders quake shock absorber maker to replace parts after fake data
19/10/2018 16:40
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=0_hpgo47ux&referenceId=tag:reuters.com,2018:newsml_OV92LFPMZ_930&pageId=ReutersNews Source: Reuters Insider Description: Japanese officials on Thursday ordered a company that falsified data on the quality of its earthquake shock absorbers to replace its products in hundreds of buildings, including a major tourist site and venues for the 2020 Olympics. Laura Frykberg reports. Short Link: https://reut.rs/2PGThd5 Video Transcript: It's the tallest tower in Japan and a top tourist favorite, but news the Skytree's earthquake shock absorbers were installed by a company that's admitted to falsifying data could shatter that reputation, not to mention the safety of Japan's buildings as a whole. KYB Corporation's products are used in hundreds of building in the country including venues for the 2020 Olympics. The government, which has ordered the automotive firm to fix its products immediately, says it's unclear whether they pose a structural threat to the buildings although there's no risk of collapse. Regardless, it's unlikely to go down well in one of the world's most quake-prone countries. Government ministers are now investigating whether other Olympic venues have used KYB products in a scandal that has the potential to go global too. The firm operates in more than two dozen other countries, investors clearly shaken by that. Shares in the firm ended down by almost 11%