;#Faculty News;# | Financial Times | 17
Japan's trading houses move into the big league
Re: Michael Yoshino
"Running projects is the right thing to do: high risk, but high pay-off," says Michael Yoshino, Tokyo-based professor emeritus of Harvard Business School, and author of a history of the trading companies. "The shosha know their bargaining power has been diminishing over time. And the risk of doing nothing has gone up since the earthquake."