I just got a call from a Kyodo News reporter asking for a comment about the Ministry of Finance (MOF) leaking (accidentally?) financial metrics on their web page before the official annoucement date. They are apparently going to make some announcement about their mistake and he wanted a quote from me to run in the story. I can't seem to find anything on the web about this. Does anyone know anything? (I thought it was the FSA, but it was the MOF)

Anyway, the comment I made was that comparing Nippon Ham vs. Worldcom the CFO of Worldcom is taken away in handcuffs and in Japan apologies and some shifting around (although I would agree Worldcom is probably worse than Nippon Ham.) is all that happens at Nippon Ham. When US agencies leak information risking national security, it is treason. In Japan, it is just a breach of a confidentiality agreement and the guy might lose his job. When Yamaichi went bust, the CEO cried and the Ministry of Finance which really guided Yamaichi down their path to death, shook their finger at them instead of taking responsibility. My feeling is that accountability in Japan is weak and that the government's use of IT just increases the damage they can cause. Although The Ministry of Public Management, Home Affairs, Posts and Telecommunications is creating the National ID, the risk is to be taken at the local government level. I will be interested to see who takes the blame for this FSA botch up. It probably won't have a huge impact on the economy, but releasing numbers before the official announcement date could impact the market.

Since I've started bashing the National ID publicly, every time there is a government screwup in IT, the reporters call me for comments. That's how I find out about the incidents early. Now that I have a blog, I can scoop them. ;-)

2 Comments

does this help?

perhaps you already know that kind of basic informations...

Thank Reiran. I hadn't seen this. This must be the incident.

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