Recruit scandal

E368270

The Recruit scandal was a major late-1980s Japanese political corruption affair involving insider trading and illicit share allocations to influential politicians and business leaders, which severely undermined public trust in the government.

All labels observed (3)

Label Occurrences
Recruit Cosmos scandal 1
Recruit incident 1
Recruit scandal canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf corruption scandal
political scandal
alsoKnownAs Recruit scandal
surface form: Recruit Cosmos scandal

Recruit scandal
surface form: Recruit incident
cause allocation of pre-IPO shares at below-market prices
conflict of interest between public office and private gain
consequence erosion of LDP’s clean government image
increased public demand for transparency
judicial investigations of high-ranking officials
country Japan
followedBy campaign finance reform discussions in Japan
political reform debates in Japan
hasEffect political crisis in Japan
resignation of Prime Minister Noboru Takeshita
resignations of cabinet members
undermining public trust in the Japanese government
hasLanguage Japanese
industry real estate
securities trading
involves Japanese business leaders
Japanese politicians
Recruit Holdings
surface form: Recruit Co., Ltd.

Recruit Cosmos
legalCharge bribery
violation of securities laws
location Japan
mainSubject illicit share allocations
insider trading
political corruption
mediaCoverage extensive coverage by Japanese newspapers
extensive coverage by Japanese television
notableAspect involvement of top-level national politicians
symbol of money politics in Japan
use of unlisted shares as a form of bribery
participant Kakuei Tanaka NERFINISHED
Kiichi Miyazawa NERFINISHED
Liberal Democratic Party
surface form: Liberal Democratic Party (Japan)

Noboru Takeshita
Shin Kanemaru
Yasuhiro Nakasone
politicalContext Liberal Democratic Party dominance in Japanese politics
publicReaction decline in support for the ruling Liberal Democratic Party
widespread public outrage in Japan
significantPeriod late 1980s
startTime 1988
temporalContext Japanese asset price bubble era

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Noboru Takeshita causeOfResignation Recruit scandal
Recruit scandal alsoKnownAs Recruit scandal
this entity surface form: Recruit Cosmos scandal
Recruit scandal alsoKnownAs Recruit scandal
this entity surface form: Recruit incident