The Japanese Banker Who Can Say No

Shinsei's Masamoto Yashiro is raising hackles in Tokyo

In 1997, Masamoto Yashiro, 71, was looking forward to a quiet retirement. Today the former Citibank Japan chief has a job that is anything but quiet: running money-center Shinsei Bank Ltd. Japanese politicians recently branded Yashiro a "national enemy." He has done the unthinkable: shown deadbeat corporate borrowers the door.

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