• SHARE

The scandal that has rocked the nation’s leading financial firms goes beyond what novelists could ever have imagined, says writer Ryo Takasugi, whose recent novel offers a glimpse into the moral decay of Japanese bankers.

The scandal over payoffs to a “sokaiya” corporate extortionist by Nomura Securities Co. and Dai-Ichi Kangyo Bank is “incomparably more serious than any other past incidents involving Japanese firms,” Takasugi says. His novel, “Kinyu Fushoku Retto” (“An Archipelago of Financial Corruption”), offers readers clues to how Japanese banks deal with sokaiya and the underworld.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW