Japan emerges from the shadows

Japan has suffered 15 years of stagnation; a period in which an entire generation of financial innovation passed it by. Suddenly, investment bankers are licking their lips at the prospect of helping its financial markets play catch up. Some consider Japan a $500 trillion emerging market.

A new generation embraces M&A |  Nikkei heads for 24,000 by 2010… or soonerDebt is not a dirty word | Funds get activist in JapanLiving in the past; paying with the future

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EIGHTEEN MONTHS AGO, Brian Mccappin’s friends were worried about him. For some strange reason, the English investment banker had chosen to leave Citigroup’s all-conquering bond business in Europe to take up a new job as co-head of fixed income at Nikko Citigroup in Tokyo. His first task: to propel the firm into the top three dealers in Japanese government bonds.

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