Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Japan's Kohei Nakabo (Int'l Edition)


Asian Cover -- Policymakers

JAPAN'S KOHEI NAKABO (int'l edition)

The grandfatherly 68-year-old Kohei Nakabo doesn't look like the type who busts gangsters. But that's what Nakabo, president of the Housing Loan Administration Corp., is doing. One of the country's most respected lawyers, he's out to recover $45 billion in bad loans left by the collapse of Japan's jusen, or housing-loan companies. Since a big chunk of the dud loans went to firms with links to organized crime, Nakabo's had to meet gangsters, or yakuza, face-to-face.

Nakabo has collected $7.6 billion of the loans through lawsuits and property seizure. That's setting a precedent for handling debts plaguing the financial sector. Nakabo's a hero--and some wonder if he's prime minister material. If he can just do his job safely, that would be plenty.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus