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Thursday 19 February 2004
Saving the Sun: Shinsei and the Battle for Japan’s Future

Book Launch

Contributors: Ms Gillian Tett, Ms Merryn Somerset Webb 

Japan is the world’s second largest economy but, since the early 1990s, it has faced significant difficulties.

In ‘Saving the Sun’, Gillian Tett uses the turbulent history of Shinsei Bank to analyse Japan’s economic problems. Formerly Long Term Credit Bank, Shinsei was once the ninth largest bank in the world but its collapse in 1998 marked the largest bank failure ever seen. A team of American and European investors then acquired the bank and the book looks at the contrasting approaches of Western and Japanese managers in addressing the bank’s problems.

On the day of the book launch, Shinsei Bank will be trading on the Tokyo Stock Exchange for the first time. ’Saving the Sun’ was published by HarperCollins in the US last year, and the Japanese version will be published by Nihon Keizai Shimbun this spring. The UK edition is published by Random House.

‘A classic tale of East meets West, a subject Tett makes as intriguing in business as it is in war or politics’ - International Herald Tribune 


Gillian Tett is a journalist at the Financial Times, writing for the Lex column. Gillian trained as a social anthropologist but turned to journalism during fieldwork in Central Asia during Soviet period. She has worked through the ranks of the Financial Times, holding positions on its economics desk before becoming the bureau chief in Japan.

Merryn Somerset Webb is editor of MoneyWeek and a columnist on financial issues. Merryn was a Daiwa Scholar from 1993 to 1995.

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Last updated: 18 March 2004