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.
- ISBN10 0061877638
- ISBN13 9780061877636
- Publish Date 13 October 2009 (first published 2 September 2003)
- Publish Status Temporarily Withdrawn
- Publish Country US
- Publisher HarperCollins Publishers
- Imprint Collins
- Format eBook
- Pages 384
- Language English