Business & Finance: Kotaro Wakao's Fun

Kotaro Wakao, young, rich, potent Japanese businessman sported a little with Manhattan newspapermen last week. Overworked, he was in the U. S. as part of a half-year furlough from affairs.* Energetic he took his relaxation by studying U. S. factories that he had not seen a decade ago. At that time he studied at Columbia University. Courteous, he visited and thanked bankers who this spring sold $70,000,000 bonds of the Tokyo Electric Light Co. (TIME, June 18). Kotaro Wakao's father, Shohachi Wakao, is Tokyo Electric's president. Discerning international bankers see the son, now 32, some future day succeeding the father. Last...

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