Japanese companies' attitudes towards information for disclosure to outsiders can be described in what way?

Question

Quizplus · Accepted Answer

Japanese companies tend to be more reserved and be reluctant to provide information to outsiders, especially in regards to their finances and internal operations. This is due to a cultural emphasis on privacy and hierarchy, as well as a desire to maintain competitive advantages. However, recent corporate scandals and a push for greater transparency globally have gradually led to more disclosure by Japanese companies.

Japanese Companies' Attitudes Towards Information for Disclosure to Outsiders Can