Japan doesn't necessarily have MBA types who pump dying companies full of debt to feed off the carcasses, but there's certainly not any sort of good corporate governance either.
> Toshiba Corp. said Friday that a subsidiary booked fictitious sales of ¥43.5 billion in 26 transactions recorded only on paper. The scandal may again throw Toshiba into a crisis similar to its massive accounting fraud in 2015... In the troubled conglomerate’s 2015 accounting fraud, Toshiba padded profits by more than ¥200 billion.
https://www.japantimes.co.jp/news/2020/02/15/business/corpor...
> Toshiba Corp. said Friday that a subsidiary booked fictitious sales of ¥43.5 billion in 26 transactions recorded only on paper. The scandal may again throw Toshiba into a crisis similar to its massive accounting fraud in 2015... In the troubled conglomerate’s 2015 accounting fraud, Toshiba padded profits by more than ¥200 billion.