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The Sun That Never Rose



The Sun That Never Rose, Probus, 1994 is still today’s definitive work on the structural flaws of Japanese Financial Institutions (JFIs) the 1980s. It correctly predicted the severity and intractability of Japan’s financial crisis and the issues which faced despite the contrarian views of America’s leading economists and academics who feared their global dominance. Dattel accurately forecasted that Japan’s economic momentum would slow and that the JFI adjustment problems were deep rooted and culturally derived.