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Monday, 20 June 2016

Peter Hessler on the yakuza

Peter Hessler’s profile of an American journalist covering the yakuza, the New Yorker, January 2012: Don’t ask us the hows or whys of how the internet works. This week, aside from a 10-year old piece in the Atlantic on just how bad management theory really is, another older article has suddenly once again found new life: Peter Hessler’s 2012 story on the yakuza told through the lens of Tokyo-based American reporter Jake Adelstein. “Nowadays, yakuza run hedge funds. They speculate in real estate… At least one Japanese Prime Minister has been documented socializing with yakuza, and politicians have the kind of contact with criminal groups that would destroy a career elsewhere… [A former export minister] admitted that he had accepted substantial donations from a yakuza front company… This did so little damage to his reputation that he eventually became minister of the agency that regulates Japan’s finance industry.” (Read All due respect: An American reporter takes on the yakuza)

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