OSAKA -- When Goro Tatsumi joined a securities firm in Osaka's Kitahama district -- the city's financial hub -- more than 40 years ago, he predicted that the finance business would become a leading economic force in this country.
But the 65-year-old chairman of the Osaka Securities Exchange says Japan's financial sector today still lags far behind international standards, a problem that he attributes to a lack of vision on the part of both corporate managers and investors.
Tatsumi himself is a rare survivor in the rapidly changing world of finance. In 1961, at the age of 25, he founded Kosei Securities Co., an independent securities firm in Osaka that has never fallen into the red.