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Stocks

Toshiba, Abe scaring global investors from Japanese stocks

Toshiba's accounting irregularities and the debate over controversial security bills have made Western investors think twice about investing in Japanese stocks.     

     The book-padding has global investors worrying that Toshiba may be the tip of the iceberg. International investors, who are critical of inefficient companies that cling to outdated practices, are becoming increasingly skeptical about whether a new corporate governance code and other efforts will really help change Japan Inc.'s clubbiness.

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