ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
 (placeholder image)
Japanese Economy, Trade and Industry Minister Hiroshige Seko, third from right, met Thursday with U.S. Commerce Secretary Wilbur Ross, left.   © Kyodo
International relations

Toshiba's trials entangle Tokyo, Washington

With technology and jobs at stake, ailing group not just the private sector's problem anymore

| Japan

TOKYO -- Fixing Toshiba has become a problem for both the Japanese and American governments, with intervention under consideration to protect valuable nuclear and chip technology as well as jobs.

The two sides began feeling out the issue Thursday as Japan's Hiroshige Seko, minister of economy, trade and industry, met with Commerce Secretary Wilbur Ross and Energy Secretary Rick Perry. The Washington contingent reportedly started off by stating that Toshiba unit Westinghouse Electric is building nuclear reactors in the U.S. -- a point that needed no confirmation -- and went on to say that Toshiba's financial stability is vital to America.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more