Bubble trouble: Ex-Lehman Japan chief looks back for lessons

Human greed inflates economic bubbles, says Akio Katsuragi

The Lehman Brothers building in New York on Sept. 15, 2008 and Akio Katsuragi, who was president of the bank's Japanese arm at the time. (Source photos by Reuters and Satoko Kawasaki)

AKIO FUJII, Nikkei chair of editorial board

September 17, 2023 19:30 JST

TOKYO -- On Sept. 15, 2008, in Tokyo's Roppongi district, Akio Katsuragi, then president of Lehman Brothers Japan, met Hiroshi Nakaso, who was director-general of the financial markets unit in the country's central bank.