JC Flowers banker sees Japan opportunities…eventually

Nov 11, 2010

Things must still get worse for Japan if its leaders are to fully come to grips with its malaise, says Thierry Porte, former Shinsei Bank president.

It’s more than 20 years since the Japanese real-estate and stock-market bubble peaked and burst in 1989. Yet for Japan to revive its animal spirits, things need to get worse before they turn around, says Thierry Porte, operating partner at private-equity firm JC Flowers & Co.

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