Financial Times FT.com

Second blossom

By Michiyo Nakamoto and David Pilling

Published: October 22 2008 20:35 | Last updated: October 22 2008 20:35

Japan poster

Not so long ago, when Japan was mired in a deep and protracted banking crisis, it was swashbuckling US bankers and private equity firms that saw gold in the debris. Many picked up bargains, bringing fresh ideas and capital to a system on its knees.

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