Nissan, one of Japan's largest automakers, is submerged in a triple predicament, signaling an unclear path to recovery. The phrase "三重苦" refers to the trifecta of ongoing issues the company faces, including declining sales from the global pandemic, existing operational inefficiencies, and corporate governance challenges following the Carlos Ghosn scandal. These factors have led Nissan to report significant losses ("赤字"), making its prospects of financial reconstruction uncertain.
In Japan, Nissan's plunge into red figures is a national concern due to its historical significance in the auto industry and its impact on the country's economy. The company's struggles mirror the larger ill health of Japan's economy, as it grapples with stagnation and a declining population. Regulatory and corporative governance post-Ghosn scandal also makes the case a high-profile one in Japan, highlighting the need for stricter corporate oversight rules.
Similarly, in the U.S./EU, large corporations experiencing severe financial distress get a lot of attention, as their survival could significantly impact the economy, depending on the company's size and the number of jobs at stake. Corporate scandals, like those experienced by Enron or Volkswagen, similarly draw public scrutiny and calls for improved business practices and legislative reforms.