Nidec scandal exposes limits of Japan reform, Muddy Waters says

What happened: Muddy Waters said the Nidec accounting scandal exposes limits of corporate reform in Japan. Nidec has been mired in the scandal since last year and faces potential delisting from the Tokyo Stock Exchange. Why it matters: The short seller's comment ties the Nidec case to the wider question of how far governance reform in Japan has progressed, while the company faces the risk of losing its Tokyo Stock Exchange listing.

Muddy Waters said the Nidec accounting scandal exposes limits of corporate reform in Japan. Nidec has been mired in the scandal since last year and faces potential delisting from the Tokyo Stock Exchange.

The short seller's comment ties the Nidec case to the wider question of how far governance reform in Japan has progressed, while the company faces the risk of losing its Tokyo Stock Exchange listing.