Saving the Sun: Shinsei and the Battle for Japan's Future

by Gillian Tett (Author)

• Used

  Paperback
  2004

  $25.39

  Japan is the world's second largest economy - but it's stuck in an apparently inexplicable rut. 'Saving the Sun' takes a bank that has been at the cutting edge of Japan's woes - Shinsei - and uses its story to analyse why Japan's economic problems are so insurmountable. Formerly known as Long Term Credit Bank, Shinsei was once the ninth largest bank in the world. However, its collapse in 1998 marked the largest bank failure ever seen in global history. A team of American and European investors then acquired the bank in an unprecedented deal. 'Saving the Sun' relates the battles surrounding this extraordinary venture, told through the intimate stories of three remarkable men- Katsunobu Onagi, the last president of LTCB, who epitomized the traditional Japanese banking world and its 'samurai' values; Tim Collins, the brash American who dreamt of converting Japan to Wall Street type reform; and Masamoto Yashiro, the Japanese executive who ended up trying to run Shinsei bank - and reconcile the cultural gulf that still exists between Japan and the international banking community.

• Used

  Paperback
  2004

  $13.24

  For more than a decade, Japan's dismal economy - which has bounced from deflationary collapse to fitful recovery and back to collapse - has been the biggest obstacle to economic growth. Why has the world's second largest economy been unable to save itself? Why has a country, whose financial might in the 1980s was the most feared force on the globe, become the sick man of the world economy? Saving the Sun answers these questions and more in the riveting and remarkable story of Long Term Credit Bank, one of the world's most respected financial institutions, and its attempts to transform itself into a Western-style bank and reconcile the cultural gulf that still exists between Japan and the international banking community.'Smart and engaging-it's a riveting tale with important insights into Japan's culture and its sclerotic system.' BusinessWeek'Saving the Sun is not simply about the fate of one Japanese bank. It is about the clash of two visions of finance-and how hard it is to reconcile them.' The Wall Street Journal Europe

• New

  Paperback
  2004

  $16.28

  For more than a decade, Japan's dismal economy - which has bounced from deflationary collapse to fitful recovery and back to collapse - has been the biggest obstacle to economic growth. Why has the world's second largest economy been unable to save itself? Why has a country, whose financial might in the 1980s was the most feared force on the globe, become the sick man of the world economy? Saving the Sun answers these questions and more in the riveting and remarkable story of Long Term Credit Bank, one of the world's most respected financial institutions, and its attempts to transform itself into a Western-style bank and reconcile the cultural gulf that still exists between Japan and the international banking community.'Smart and engaging-it's a riveting tale with important insights into Japan's culture and its sclerotic system.' BusinessWeek'Saving the Sun is not simply about the fate of one Japanese bank. It is about the clash of two visions of finance-and how hard it is to reconcile them.' The Wall Street Journal Europe