Reflections from a banker between Asia and Europe. Subscribe for essays on global finance

Why AI’s Next Crisis Won’t Be a Bubble — It’ll Be a Balance Sheet

From Tokyo, a view of how overbuilding can bankrupt progress. 💬 The Day I Saw the AI Boom Up Close (From Tokyo, a banker’s view on how overbuilding can bankrupt progress) It started on a grey Tuesday in Tokyo. I was scrolling through headlines — Nvidia overtakes Apple. Another $200 billion

What 4 Years in Finance in Tokyo Taught Me

Lessons on time, trust, and power in Japan’s quiet capital of finance. “The first thing you notice in Tokyo isn’t the skyline. It’s the silence.” Every morning, when I step out of Tokyo Station and walk through Marunouchi, I hear it again... the sound of shoes on