business

Nippon Steel sues Toyota, Chinese company over patent

8 Comments
By YURI KAGEYAMA

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8 Comments
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Japan Inc sue another Japan Inc?

4 ( +5 / -1 )

Didnt the Japanese steel company get caught for falsifying data? Japanese companies are now starting to distrust their own suppliers. Even Japanese shipping companies bought multiple ships from their archival Korea this year (probably expected considering the recent spate of Japanese ships breaking up). Not a good sign for Japan.

1 ( +7 / -6 )

Japan Inc sue another Japan Inc?

Japan Inc and Keiretsus are fables. They don't ever truly exist but the West made it up to antagonize Japan in the 1980s.

Nippon Steel officials said its prized technology is critical to its competitiveness, as the world shifts to "a carbon neutral society" and innovations that reduce emissions are increasingly needed in steel manufacturing.

Japan also stole from the US and Europe in the 20th century.

https://www.nytimes.com/1982/06/23/business/japanese-executives-charged-in-ibm-theft-case.html

The kettle calling the pot black.

Didnt the Japanese steel company get caught for falsifying data? Japanese companies are now starting to distrust their own suppliers. Even Japanese shipping companies bought multiple ships from their archival Korea this year (probably expected considering the recent spate of Japanese ships breaking up). Not a good sign for Japan.

Like I said many times here, Japan not only lost to China and is in the process of losing to South Korea and ASEAN soon. Their own private sector also starts pandering to the Chinese communists and other authoritarian countries for profits.

Japan corporations are unreliable and not loyal to the Japanese civilization in any way.

-2 ( +10 / -12 )

Toyota said it learned of the lawsuit "with great regret," stressing it had checked on possible patent conflicts with Baosteel

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and they believed the Chinese company.

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Baosteel said it disagreed with Nippon Steel's claim, stressing it repeatedly tried to communicate with the steelmaker.

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Of course they denied it after being caught.

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Toyota should have not relied on Baostell checking for possible patent conflicts.

They should have done it themselves as they were dealing with a Chinese firm..

1 ( +3 / -2 )

Japan corporations are unreliable and not loyal to the Japanese civilization in any way.

Corporations are responsive to the demands of their shareholders. They obey the laws of the nations in which they operate to the extent necessary to protect the company from loss but ultimately it is shareholders that determine the priorities of a corporation. That is true regardless of where the corporation operates. it is not reasonable to expect a corporation to sacrifice profitability or any other priority of the shareholders for the sake of patriotism. Your are disappointed because your expectations are not informed by the real world we inhabit.

0 ( +2 / -2 )

Japan Inc and Keiretsus are fables. They don't ever truly exist but the West made it up to antagonize Japan in the 1980s.

Prior to WWII Japan's economy was dominated by family owned vertically integrated corporations called Zaibatsu. The US during the post WWII occupation tried to break up all of the Zaibatsu considering them to be highly anti-competitive but never fully succeeded. The urgency to rebuild Japan overrode the desire to break up Zaibatsu, so they persisted into the post war era. The change that allowed these Zaibatsu to become Keiretsu was a change in Japanese law that allowed family Zaibatsu holding companies to become stockholding companies. In time stockholders replaced family members as the controlling interests in these Keiretsu. The big Keiretsu, like their Zaibatsu predecessors were typically headed by a major bank, but the 1990s was rough on the Japanese banking industry., forcing many to go out of business or merge with competitors. This process blurred the lines between different Keiretsu and led to their weakening. But to say they do not exist is to deny the reality of how so many big Japanese corporations are structured.

0 ( +2 / -2 )

Japanese companies have become unworthy of anyone’s trust as of late! So much corruption and when it comes to data manipulation, they are the masters of it! But in the end they just bow, apologize and all as well since it’s the Japanese and they need to be forgiven! If an international company did data manipulation to the extent of Takada Inc, Mitsubishi or Toyota ( Forget about Nissan since they are crap ) just to name a few, then the international community would have been more vocal. But since it’s the Japanese, they get a pass!

-2 ( +1 / -3 )

@Jim, Mitsubishi, Takada and Toyota are all very much what you call an "international company". Toyota especially has auto plants all over the world and for a long time were the worlds best selling auto brand.

0 ( +0 / -0 )

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