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Toyo Tire's problems stem from its corporate culture

TOKYO -- Takuji Yamamoto, president of Toyo Tire & Rubber, as well as two other top executives will resign to take responsibility for falsifying data on the company's earthquake shock absorbers.

Toyo Tire & Rubber President Takuji Yamamoto, right, announces the resignation of himself and other top executives at a press conference on June 23,2015.

     Top management kept quiet about shipping absorbers that did not meet government standards for nearly six months after recognizing the fact.

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