Tuesday, October 13, 2015

Tough days for the yakusa

Are Japan's crime clans going out of business? Tea with a yakuza. - CSMonitor.com

Lots of fascinating details in this report, but the key point is that legal actions are finally eating into the size and strength of the yakusa.  I found this bit rather amusing:
Japan's post-1980s economic swoon hasn't been all bad. Yakuza made
money from "cleaning up"  bad loans, distressed assets and bankrupt
companies. "Dispute resolution" remains a core activity, partly due to
Japan's notoriously slow and expensive legal system. "We can get things
done quicker," says Kumagai. 
"Dispute resolution"!  Ha.

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