The Carlyle Group's David Rubenstein said Japan is now ready for private equity and its financial machinations which cause distortions.
“I think we are going to find more opportunities in Japan than before,” said Mr. Rubenstein, who is raising a new fund to invest in the country. “I do think that Japan will see a bit of a mini boom in private equity investing as the government encourages more and more private-equity deals.”
Japanese culture has historically been the antithesis of private equity. This should cause great shame to Japan's leaders.