The Sun That Never Rose

"Japan's bankers are just as brilliant as Japan's engineers. Why then have the Japanese banks failed to achieve the international stardom of Japan's engineering companies? Gene Dattel provides a no-holds-barred answer to that question in a book that Japanese bankers under 35 will love and those over 50 will find very painful!"
Donald R. van Deventer, President, The Kamakura Corporation

Mr. Dattel has produced an insightful review of the cultural and social challenges confronting Japanese financial institutions as they adjust to both deregulation at home and expansion in foreign markets. He concludes that capital power, alone, will be insufficient to ensure success for Japanese firms unless they pursue far-reaching changes in their systems of management control, executive promotion and international recruitment."
David Hale, Director of International Affairs, Kemper International Management, Inc. Economist, Kemper Corporation

"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 That 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 (1985-1990)

"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 H. Schiff Professor of Investment Banking
Harvard University, Graduate School of Business Administration