Early this month, a 55-year-old manager at the failed Yamaichi Securities Co. had a job interview with Merrill Lynch, a major U.S. brokerage that has launched a new campaign to penetrate the Japanese market.

The interview session proceeded cordially, with the discussion focusing mainly on his family and housing conditions. Still, the broker is worried. “Even if I am hired (by Merrill Lynch), I have no idea what will happen to me,” he said.

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.