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Failure of governance gives Abenomics a rude awakening

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Three successive Toshiba presidents, Atsutoshi Nishida, right, Norio Sasaki, left, and Hisao Tanaka have been implicated in the accounting scandal.   © Kyodo

TOKYO -- Toshiba ranks among corporate Japan's blue bloods, which makes its accounting scandal reverberate at the highest levels of business and politics.

     Already a fixture in business and government circles, Taizo Nishimuro has gained greater prominence during the 140-year-old manufacturer's ongoing management crisis. He led the company from 1996 to 2000 and now serves as president of government-owned Japan Post Holdings while holding an advisory position at his former employer.

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