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This Nation Is An Island.(Money Flows)(Japan)
Newsweek International
|
May 12, 2008 |
Caryl, Christian; Kashiwagi, Akiko |
COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Byline: Christian Caryl and Akiko Kashiwagi
Japan's insularity is becoming a drag on its economy and threatening its future.
To understand Japan's economic milieu, you could do worse than to look at the current battle between famed British hedge-fund manager Christopher Hohn and the Japanese government. In January, Hohn, an activist investor who runs the London-based Children's Investment Fund, decided to double its stake in J-Power, Japan's largest electricity wholesaler, hoping to trim fat and boost returns at the top-heavy firm. The Japanese government promptly rejected the bid, citing nebulous concerns about "maintenance of public order." Hohn, who ...
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Source: HighBeam Research, This Nation Is An Island.(Money Flows)(Japan)