J- Links of Interest

After dumping their Tokyo stock holdings for four of the past five months, foreigners are on track for their biggest annual exodus since 1987.

  

Global Money Flees Japan Stocks at Fastest Pace Since 1987 by Min Jong Lee and Toshiro Hasegawa (Bloomberg)

The board should have axed Takada CEO Shigehisa Takada in November 2013 when, in an act of cowardice, Takada sent an underling to appear in his place at U.S. Senate hearings. Shareholders should have revolted as the Wall Street Journal, New York Times and others uncovered how the company put lives at risks to save a few bucks — it knew about defects for years. 

Why hasn’t the CEO of Takata Corp. been fired? by William Pesek (The Japan Times)

Century-old chemicals maker Daicel Corp. has emerged as a top contender in the bidding for air bag maker Takata Corp. , people familiar with the matter said, partly because Daicel sees its growth threatened if someone else wins.

Japan’s Daicel Bets Its Future on Takata’s Air-Bag Business by Atsuko Fukase and Sean McLain (The Wallstreet Journal)

Jamie Rosenwald, who’s been buying Japanese shares since 1972, says short-sighted activists are failing to make the most of one of the biggest opportunities for investors in decades.

Hedge fund founder says Abe’s activist army ‘doing it wrong’ (The Japan Times)

Toyota Motor Corp.’s production methods have been studied the world over, inspiring dozens of books about management and manufacturing. So where does Toyota go when it needs management advice? To this mountain town, where a little company called Ina Food Industry Co. makes a living turning seaweed into a gelatin-like substance called agar.

To Whom Do Japan’s Most Powerful Turn for Advice? The Sensei of Seaweed by Yoko Kubota (The Wallstreet Journal)