The Sun that Never Rose
The Inside Story of Japan's Failed Attempt at Global Financial Dominance
Dattel penetratingly pierces the fogs of Japan Inc. and deals decisively with the baffling contradiction of Japan’s formidable manufacturing muscle and it’s flawed, flaccid financial sector.
Malcom Forbes, Jr.
Forbes Magazine
Gene Dattel has written a fascinating first hand account of life in the financial services business in Tokyo. Anyone with an interest in this huge and complex marketplace would benefit from reading it.
Samuel L. Hayes, III
Jacob Schiff Professor of investment Banking,
Harvard University, Graduate School of Business Administration
For all of Japan’s accomplishments in electronics, automobiles and manufacturing, the nation’s financial markets remain in the dark ages. Gene Dattel’s book, The Sun Than Never Rose, explains how protective Japanese government regulation has bred an insular, noncompetitive and dangerously disingenuous financial sector. Ironically enough, these policies put Japan itself at greatest risk, because her own financial institutions today threaten Japan’s ability to recover from her most serious recession in modern times.
Joseph A. Grundfest
Professor Stanford Law School
Commissioner, U.S. Securities & Exchange Commission
