Joseph A. Grundfest

Joseph A. Grundfest

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.