Our hero Shig Sato suffers a double whammy that summer. When he closes the file on the murder of Kimi Yamada, he never returns to the Tokyo Metropolitan Police Department. He accepts his forced retirement, but that is an afterthought as he tends to his beloved wife Miki during her final days. Her death and his retirement wounds Sato in ways he has yet to work out as Book 2, The Thief’s Mistake, begins.
And for Japan: 1991 is the beginning of the end of the Bubble Economy. Before long, the country will change from high times to The Lost Decade.
What happened? It helps to know a little something about Japan Inc.
It’s no secret that Japanese business and government work hand-in-hand to help bring prosperity to the island nation, especially back during the post-war recovery years. The Ministry of Finance, which sets monetary police and indirectly controls the Bank of Japan, and the (then) Ministry of Industrial Trade and Industry, are key partners. Chief among the business organizations is the Keidanren.
Monetary policy going back to 1985 set in motion land speculation, and the Nikkei stock market soared – from 13,000 in late 1985 to a historic high of 38,957 in late 1989. But within a year, the stock market lost 35% of its value, land prices stagnated, and a strong yen and tight money controls became the norm. Political scandals rocked the long-established political elite, and a new generation of business and social leaders demanded to be heard. In the years to come, what the world knows as Japan Inc. lost much of its luster.
As the Shig Sato series begins, forty-plus years after the end of WWII, Japan has a new emperor and the nation has a new vision of the future. But change is an awesome thing. For some, prosperity ended and their lives shifted to uncertainty. For Shig Sato, will his new life as a reluctant P.I. match the lost decade to come?
Next time: Ses Fujimoiri and the yakuza
To get a copy of The Gangster’s Son click here . To get a copy of Shig Sato Book 2 The Thief’s Mistake visit my Smashwords page or Kindle page or visit my website www.josephmarkbrewer.com — and don’t forget to sign up for my monthly newsletter. See you soon!