Chapter Thirteen
Tuesday 9:31 a.m.
When Michael Vance walked into the third-floor trading room of Kenji Nogami's Westminster Union Bank, it had just opened for morning business. Computer screens were scrolling green numbers; traders in shirtsleeves were making their first calls to Paris and Zurich; the pounds and dollars and deutsche marks and yen were starting to flow.
Nogami, in a conservative charcoal black suit, nervously led the way. His glassed-in office was situated on the corner, close to the floor action, with only a low partition to separate him from the yells of traders and the clack of computers. It was his Japanese style of hands-on management, a oneness with the troops. England, the land that virtually invented class privilege, had never seen anything remotely comparable with this.
But there was something ominous about his mood as he rang for morning tea. Vance noticed it. The openness of the previous afternoon was gone, replaced by a transparent unease.
A uniformed Japanese "office lady" brought their brew, dark and strong, on a silver service with thin Wedgewood cups.
Vance needed it. His nightcap with Eva at the Savoy had lasted almost two hours, but when it was finished, part of the play was in place. First thing this morning, still recovering from last night's encounter, they had shared a pot of English Breakfast, and then she'd gone back to work on the translation of the protocol. He was still waking up.
"Michael, I received a reply." All Nogami's synthetic British bonhomie had evaporated. "I think he is willing to talk. However, there are terms. And his people want to see you. He also mentioned 'all parties.' I take it others are involved."
"There is someone else." His hangover was dissipating rapidly now, thanks to the tea. "But I think she's had all the contact she's going to have with his 'people.' "
Nogami glanced up sharply. "I don't know what this is about, but the meeting could be held on neutral ground. I assure you there would be nothing to fear."
"Tell him he can forget it."
"You're free to telex back your own conditions." He shrugged, then tried to smile. "I'm merely the messenger here. I have no idea what this is about and I don't think I really want to know."
"I'll try my best to keep you out of it, but that may not be entirely possible."
"Michael, I've handled my part of our bargain. I've set up the dialogue." Nogami's voice was barely audible above the din of traders. "What about yours?"
"I'm still working on it."
"There isn't much time." His brow wrinkled. "Some kind of preliminary offering has to be scheduled tomorrow, the day after at the latest."
"Well, why not get rolling? Doing that should help smoke out an answer for you. For everybody."
"What do you mean?"
"If the bonds are really-but first let's see what Tokyo's got to say. Is there a deal or not?"
"Perhaps his reply will give you some idea." He removed a shiny sheet of paper from a manila envelope and passed it over. "It's why I rang you so early. It was telexed here, using our secure lines, during the night. See what you make of it. I must admit I find it a trifle cryptic."
As Vance took the sheet, it reminded him fleetingly of the 'paper' Alex Novosty had given him that morning atop the Acropolis. The heading was exactly the same. Yep, he thought, we've hit paydirt. Across the top was one line of type, bold and assertive.
THE DAEDALUS CORPORATION
Advisory received 2315 hours. CEO has reviewed and requests direct contact with all parties immediately. The money must be received by Shokin Gaigoku no later than close of business tomorrow, Tokyo time. Authorize reply through secure facilities at Westminster Union. No other communication channel acceptable.
"Looks like he went for it." Vance handed back the sheet.
"If you want to reply, you can use our telex here, just as he asks."
"Ken, how good is his word? If he agrees to lay off, will he stick to it? Or should I be expecting a double cross?"
"You know his style of operation pretty well. What do you think? For my own part, I've always been able to trust him. He has a reputation for doing what he says."
"Maybe that's all about to change. He's always played for big stakes, but this time it's a whole new level. It's global, and I've got a feeling he's not going to let niceties stand in the way. It could be his last big score."
"And the Eurodollar debentures he wants me to underwrite?" Nogami studied him. "You already know what they're for, don't you?"
"I think I might have a rough idea."
"I suspected as much," he sighed. "All right then, how do you want to handle this?"
"To begin with, no direct contact. Everything goes through third parties. You can send the reply. I'm not going to start out using his rules. Bad precedent. And I want him to know that if anything happens to either of us, he gets nailed. The protocol goes to the newspapers."
"The protocol?" Nogami's brow furrowed again.
"He'll know what I mean. We just need to use the word."
"As you wish. And the message?"
"That if he'll keep his end of the bargain and lay off, then he can access the money. But part of the deal is, I plan to keep a line on it, at least for the time being."
"What do you mean?"
"To start out, it's going to be handled in the tried-and- true hot-money way. The hundred million will be used to purchase British gilts, which will then be held here at the bank and used as collateral for a loan."
"The standard laundry cycle," Nogami smiled. "Almost makes me nostalgic for the old days."
"It's only going to be standard up to a point. After that the setup gets a twist. The loan will then be used to acquire a special hundred-million first issue of those Mino Industries corporate debentures you're supposed to float, to be bought entirely by me."
"And thus he gets his funds, all freshly laundered and clean and untraceable," Nogami nodded approvingly. "Style, Michael, style. You always-"
"Yes and no. You see, I never really let go. Instead of ten- year zero-coupons, those debentures are going to be a little unique-they'll be redeemable at any time by the holder, on twenty-four hours' notice."
"And you'll be the holder?" Nogami suddenly seemed considerably less pleased.
"Only indirectly. I'll assign power-of-attorney to a third party. If any unfortunate 'accidents' happen to me or to another individual I'll specify, the bonds will be redeemed immediately. And if he defaults, doesn't pony up the full hundred million on the spot, he can kiss the rest of his big scheme good-bye, because a default by Mino Industries would make the front page of the Financial Times. He won't be able to give away the rest of that bogus paper. He's instant history in this town."
"Michael." Nogami's frown deepened. "I've never heard of-"
"He gets his money, all right, but I retain a firm grip on his cojones."
"Those are pretty rugged terms. I doubt he'll agree."
"It's the only way we play. He gets his money, cleaned, but I come away with a hundred-million-dollar insurance policy. I hope we can do business, because otherwise he'll never see those funds, period. Guaranteed."
"Then if you'll word the language the way you want it, I'll transmit it." He paused. "But I can tell you right now he will not be happy. This is very irregular. Also, I'm not sure I want to start issuing those Mino Industries debentures, no matter what their maturities. Once on that road, how will I ever turn back? You're putting me on the spot here."
"You'll be taken care of. Look, Ken, we can't stop the man from selling phony Mino Industries paper to European suckers. Nobody can. If you back away, he'll just make an end run around you and arrange it some other way. We both know that."
"So what am I supposed to do?"
"Set up what I want, to get me some leverage. I'll take it from there. It's not just the hundred million he'll have hanging over his head. There's also the protocol I mentioned. I want him to know I'm in a position to go public with it if he doesn't lay off. That, together with the threat of expo
sing his plan to defraud Eurodollar tax dodgers, should be enough to keep him in line."
"Whatever you say." He looked dubious. "But I'm convinced nothing is going to go forward without a meeting. There'll be no getting around it."
"Let's just send that telex and find out."
Tuesday 12:54 p.m.
"And we'll be doing it using Mino Industries debentures?" Novosty listened, startled. "Corporate bonds?"
The black Mercedes-heavily tinted, bullet-proof windows-was parked on the side street behind the Savoy, just above Victoria Embankment Gardens. Vance and Alex Novosty were in the front seat. Vance had the keys; it was part of the deal.
"That's going to be our collateral. We're going to put them up as surety with one of the go-go Japanese banks here and borrow back the hundred million."
"If I understand this right, the money's going to be in two places at once. Michael, it's smoke and mirrors."
"What do you care? If the Japanese banks here won't lend on bearer bonds from Mino Industries, what the hell will they do? You'll have your cash, clean, and be over the hill before the whole thing goes down the drain."
"I have to do this, don't I?" he sighed. "I have to front the street action. Both this and the other part."
"It's give and take, Alex. Nobody in this car's a virgin. You've done worse. Besides, think of it this way. In a couple of days, you'll have your hundred million back and maybe you can go home again in one piece. I'm saving your two-timing Russian ass, for chrissake, so I expect a little gratitude."
"I suppose I should be thankful, but somehow . . ." He was lighting a cigarette. After the black lighter clicked shut, he peered through the cloud of smoke. "But what about you? Where can you go when this house of cards collapses? You know it will. It has to."
"Eva and I'll both be out of here too, God willing." He paused, his mind racing. "Okay, now tell me what else you know about this prototype."
Novosty's voice was weary. "You guessed correctly. I've been afraid to talk about it to anybody, but now . . . you're right, it's an advanced airplane. That's all I know for sure. The word I hear is that it's faster than anything the world has ever seen. Much faster. A marvel of high technology."
"We suspected that, from the runway." He glanced out the tinted windows. The late morning above the Thames was still only a glimmer through the misty haze. "Exactly how fast is it supposed to be?"
"Many, many times the speed of sound. Ten, maybe even twenty, who knows. I think the project is at least a decade ahead of the U.S. or Europe. It's almost ready for a first full test flight, or so I understand. Needless to say, it's supposedly intended for peaceful uses, space research, but-"
"Get serious. Tanzan Mino plays for keeps, all the way. And you were laundering the seed money for the deal."
"When I got involved I had no idea." Novosty drew on his cigarette. "I swear it. When Viktor Fedorovich Volodin asked me to help, he said it was merely part of a secret trade agreement. The hardliners were being kept out of it. Now I realize he probably didn't know the real story either."
"Right."
"It was only later that I pieced together the rest. About the prototype and its capabilities."
"Figure it out. Mino Industries is about to become the ultimate arms supplier to the world, sole retailer of the newest must-have weapon, and the Soviets and the Americans get to join each other neck-and-neck in a 'debt race,' buying them up. Your military is just like ours; they never saw a new weapons system they didn't like."
"Inevitably." He was trying to keep his composure. "But I don't see how you can stop it."
"We're going to start by nailing the godfather in his tracks, and you're part of the team. So you've got to keep yourself together. Remember our agreement last night, what you have to do."
"Michael, Tanzan Mino is running out of time. I hear that the prototype can't be unveiled, or the protocol brought before the Diet for a vote, until the powers in the Liberal Democratic Party are well placated. This time it's not just insider stock trading info he's giving out, it's laundered cash. Since the money's still here in London, he's very upset."
"You say you think the whole thing is scheduled to go forward in less than a week." Vance studied him. "But it's possible only if the hundred million is there, in hand."
"Bribes, my friend. Or as they call it, kosaihi. All the way up and down the line." He smiled wryly and rubbed at his beard. "Michael, you of all people should know how things work over there. Very little has changed, really, from the old days when the CIA was running half of Japan's politicians. It's an honorable tradition to take care of the right people. But the timing is crucial."
"No kosaihi payoffs, no deal."
"That's what I hear. Everybody knows the Diet is a rubber stamp. Everything is decided at the top, a 'consensus' among the leaders of the Liberal Democratic Party. But the behind-the-scenes powers in the LDP refuse to endorse such a controversial prospect, a partnership with Russia, unless it's worth their while. At least that's what I hear. So the payoff money must be distributed, in tidy untraceable bundles with fancy gift-wrappings and bows. It's the traditional way, Michael. The dictates of proper etiquette. You know the system."
"Then it shouldn't be too hard to deal with the man at the top. He's in a bind."
"I seriously doubt he will be in a mood for compromise this time. He's used to getting what he wants, no questions asked." Novosty's dark eyes were knowing. "I shouldn't think that would be news to you, considering how you-"
"It has a familiar ring. But this time maybe it'll be different."
"Michael, I'm in a hopeless position. You know that. If the funds aren't delivered to Tokyo, and soon, God only knows what will happen. But if I don't return the money to Moscow, I am also a dead man. I don't see any realistic way out of this. Either way I'm finished. There is no way a hundred million dollars can be in two places at once."
"Smoke and mirrors, like you said, smoke and mirrors." He shoved the key into the ignition and the engine roared to life. "Look, we're dealing with perceptions now. And a tight schedule. When this thing explodes, the money's going to be the least of anybody's problems."
"You're right. There's also the matter of the protocol. If it's leaked before the treaty is formally announced, I'll be blamed. We'll be blamed. He will track us to the ends of the earth. You know it and I know it."
"It's a poker game. To win you just have to keep up the bluff."
"The problem, Michael, is that he's not bluffing."
Tuesday 1:23 p.m.
"As you can see, it's all just numbers." Eva was speaking in Russian as she pointed to the screen. 'That's how I received it, and the NSA Cray supercomputer I ran it through couldn't find the DES key."
"Interesting." Vera Karanova studied the lines of ice- blue numbers, then turned and gazed out the hotel room window. The late morning traffic blared on the Strand. "But I know what must be in it. It is a sellout. Otherwise our intelligence service would have been informed."
"You're free to make any assumptions you like. I'm still trying to find something that will crack it."
Vera studied her with dark, unbelieving eyes. "We know you are the best there is. I find it hard to believe that-"
"Well, take it or leave it." Eva switched off the computer and turned around. "I'm still working on it. I haven't given up yet."
With a sigh Comrade Karanova eased herself gracefully onto the plush couch in the sitting area. Then she exhaled impatiently. "We know something will happen any day now. Are you sure you did not break any part of the encryption?" She looked up. "No dates, no deadlines?"
"Nothing." Eva poured more cold tea into her china cup. She did not bother offering seconds to her Russian guest. The time was approaching noon, and she'd only gotten two hours of translating done. The day was slipping away, and her head still hurt from the dregs of alcohol.
"Then you have nothing to tell me. We are all wasting time," Vera declared finally, rising.
"Michael will keep his end of
the bargain, don't worry. Moving money is his specialty."
"So I'm told. But if he does not return the embezzled funds by the end of the week . . ."
"If he said he'll handle it, he'll handle it." Eva handed her the fur coat that had been tossed across their rumpled bed. It was real sable, the genuine article. She used to have one too. "Now if you don't mind . . ."
"As we agreed, I have arranged for an . . . individual from our embassy to be here outside your door around the clock. The first shift came this morning with me and is here now."
"Inconspicuous?"
"He is wearing a tradesman's uniform."
"How about the lobby?"
"I have also arranged for one of our people to be there as well. We haven't informed the hotel staff, for obvious reasons, so we will rotate our people downstairs to avoid suspicion."
"Is that the best you can do?"
"It's the best I intend to do." Her voice was cold. "Getting even this much for you was not easy. None of this is happening officially. I had to pull strings."
"It's appreciated."
"I'll know the extent of your appreciation when the embezzled funds are returned."
"Naturally," Eva said, and opened the door. As promised, there was indeed an overweight Russian security man standing there, wearing an ill-fitting telephone repairman's coveralls. His looks wouldn't have deceived anybody, but maybe that was the point.
She waited till Vera Karanova disappeared into the elevator and then she turned back, flashing a thin smile at her new bodyguard. He didn't look very competent, but he was probably better than nothing.
Probably. Unless he wasn't there to protect them, unless he was there to make sure they didn't check out and disappear.
Okay, back to work.
She closed the door and locked it. Then she took a deep breath, clicked on the Zenith, and called up the active file.
The part of the protocol she'd translated this morning had begun expanding on the elements of the pending deal. The Soviets were agreeing to open their space program completely to the Japanese, effectively making it a joint venture. In return, Mino Industries and the Japanese government would join with the USSR to create a new trade bloc comprising all the Asian economic dynamos that currently were allies of the United States.
Russia shared some islands, along with its space expertise, and in return it got bottomless financing-and a trading axis with Japan that would, eventually, totally undermine America's hegemony in the Pacific. The new economic alliance, an Orwellian Eastasia, would have the USSR as one superpower cornerstone, Japan the other.
. . . 7. Within sixty days of the formal delivery of the prototype, the USSR will provide representatives of Mino Industries Group with full and unrestricted access to all facilities at the Baikonur Cosmodrome. The space program of the USSR will be integrated with that of Japan-all personnel, equipment, and launch facilities being operated thereafter as a single, unified entity. Future costs of the combined space program will be borne equally by Japan and the USSR. Japanese satellites and Japanese astronauts subsequently will be launched from either the Baikonur Cosmodrome or the Tanegeshima Space Center as schedules mandate.
8. Although the level of Japanese-Soviet trade is currently twice that between the United States and the Soviet Union, it accounts for only 1.5 percent of total Japanese overseas trade. Through joint ventures arranged by Mino Industries Group, this amount will be increased over the ensuing five-year period to a sum representing not less than ten percent of all Japanese foreign trade. All tariff barriers between the USSR and Japan will be phased out over the same five-year period.
9. As part of an Asian trade and diplomatic initiative, the USSR will join with Mino Industries Croup to begin governmental and private steps toward establishing a Pacific Basin tariff-free trade zone encompassing the USSR, Japan, South Korea, North Korea, Taiwan, Vietnam, Hong Kong, Singapore, and Indonesia. All offices, contracts, and trade agreements currently held by Mino Industries Croup will henceforth be reopened to encompass the representatives and interests of the USSR. . . .
It boggled Eva's mind. The alliance might be partly military, but the Japanese and the Soviets were no fools. They realized full well that the real battleground of the next century would be an economic struggle, with the ultimate aim of every country being to surpass the United States.
She stared at the blue screen, mesmerized. This secret protocol was a detailed battle plan whereby the Soviets and the Japanese provided each other exactly what they'd need to emerge as the dominant superpowers of the twenty-first century. Synergism in high-tech, control of space, a trade bloc, a defense alliance-all of it was there.
But governments weren't that smart. They usually had to be dragged into doing what was sensible strategically. Which meant that this whole scenario had to be the brainchild of some private genius. Only one man in Japan, according to Michael, had the money and clout to put a deal like this together. His name was Tanzan Mino. A Yakuza godfather.
Incredible!
What other bombshells did the protocol hold? she wondered. What was left?
The answer to that last remaining question was the prototype. It had to be the weapon to end all weapons.
Great. But did the Soviets really know what they were getting into?
The euphoria of the night before was rapidly dissipating. There were too many chances for the plan to slip up. Mike always figured he could play these things close on the wind, tempt fate, but he hadn't always been lucky. Sometimes his luck ran out, and somehow she had a feeling this was about to be one of those times.
Tuesday 1:28 p.m.
"Sato-sama, ohayo gozaimasu." Kenji Nogami rose, then bowed low as Jiro Sato and his dark-suited bodyguard were ushered into the Westminster Union Bank's upstairs dining room. The walls were ice gray, with a gold-leafed Momoyama screen depicting a fierce eagle perched on a pine branch mounted on one side. On the other was a modern oil painting, an impressionistic rendering of the rising sun of the Japanese flag. Both were symbols intended to impress Nogami's City guests with Japan's new financial power.
"Ohayo." Jiro Sato nodded lightly in return, signifying his superior rank. In the floor-to-ceiling mirror at the far end of the room his light-grey hair had turned to blue steel in the subdued lighting. It now matched the hardness of his eyes.
Jiro Sato, born in Osaka sixty years ago, was the Mino-gumi's London oyabun, the man in charge. He had lean cheeks and wore a pin-striped suit and dark sunglasses that further camouflaged his already expressionless eyes. His dark felt hat almost looked like a bowler. Although that traditional City headwear was no longer de rigueur in London's financial district, had it been, he most certainly would have worn one. Blending in was what he was all about.
Nogami waited until his guest had settled into one of the molded birch chairs at the end of the long oak table, then he seated himself and clapped for sake. The banker's personal chef, a licensed artisan he had stolen from Tokyo's exclusive Edo Club, was already preparing raw fugu, the sometimes-lethal blowfish, to be served with scorching wasabi on rare Shino ware. It was a Japanese power lunch.
Jiro Sato's career and that of Kenji Nogami had been entwined for thirty years. They had always been in charge of Tanzan Mino's financial matters, had never worked at street level. No tattoos, no missing finger digits. They were part of the brains, not the brawn, of the Mino-gumi.
Although they both knew that a certain bond issue of a hundred billion Eurodollars was the purpose of the luncheon, they gave no hint as their traditional small talk began with saucers of sake and a learned discussion of the Momoyama screen on the wall, thought to have been commissioned by the shogun Toyotomi Hideyoshi at the end of the sixteenth century. From there their chat expanded to the glories of Momoyama art, then the "nightingale" floors of Shogun Hideyoshi's Kyoto palace-beveled boards designed to announce silent intruders-and finally to Hideyoshi's betrayal at the hands of Ieyasu Tokugawa. The oblique topics were standard, the Japanese way of beginning a
business meeting.
Jiro Sato's official position was CEO of the London-based Nippon Shipbuilding Company. In that role he supervised the Mino-gumi's London interests with an iron hand, as was expected by those who served him, and by his superiors in Tokyo. Nippon Shipbuilding built no ships, nor had it for twenty years. Instead it laundered Tanzan Mino's hot money. Funds flashed daily over the satellite link from Tokyo, and investments ranged from real estate to British gilts to the most arcane products of the financial markets.
Money laundering was but the latest enterprise of the Yakuza, an ancient brotherhood rooted in over three hundred years of Japanese history. The kana symbols for the syllables Ya-Ku-Za were the same as those for the numbers eight, nine, and three-a total of twenty, which was a losing number in Japanese gaming. The losers: that was what the Japanese underworld, with ironic humility, had chosen to call itself. In earlier centuries the Yakuza were carnival operators, gamblers, fast-moving purveyors of questionable wares. They also took it upon themselves to be a kind of private militia, protecting a defenseless citizenry from the predations of aristocratic warlords. They were, in their own minds at least, Robin Hoods who championed the common man, while also, not incidentally, catering to his penchant for entertainment, excitement, and sin.
These days the Yakuza considered themselves the last heirs of the samurai, but they still supplied escapism, be it in the form of nightclubs, gambling, or amphetamines. And in so doing they had grown fabulously rich. Jiro Sato's job in London was to reinvest and clean a portion of that wealth.
Nippon Shipbuilding was headquartered in an eight- story building in the new Docklands redevelopment, yet another expensive architectural nonentity in that multi-billion-dollar new city on the banks of the Thames downriver from the financial district. It was, in many ways, the perfect location for a Yakuza beachhead. Unlike the older parts of London, Docklands was ready-made for the parvenu, since everything there was new and anonymous, yet it stood only minutes away from the City-the best of both worlds. The London operation was going well, and with the recent construction of their new Docklands financial complex, at a cost of fifty million pounds sterling, matters were on a solid footing.
Jiro Sato's relations with Kenji Nogami had, until today, been conducted within the strict social dictates of Yakuza etiquette. As the London oyabun, he had, in fact, bent the rules in journeying into the City for their meeting today. Convention required that Nogami should have come to him. However, a recent turn of events necessitated a new concern with discretion. A muckraking series in the Telegraph two months before had accused the Nippon Shipbuilding Company of being an organized-crime front. Consequently he now had to take pains not to connect his own operations with the workings of Westminster Union. It was better all around if Kenji Nogami were not seen entering the Docklands office by some snooping newspaper hack. Nogami was a useful asset who needed to be kept above press speculation.
Also, Jiro Sato was beginning to wonder if the banker would actually have come. Kenji Nogami was rapidly losing touch with the old ways.
None of this would ever have been known from the light talk at lunch. It was only when the meal was over, and the staffers had discreetly absented themselves with deep bows, that things finally got down to matters at hand. But even then, as tradition required, the opening was Japanese and indirect.
"Nogami-san," Sato Jiro said as he leaned back and reached for his fifth go of sake, "do you recall the famous story comparing the three great shoguns who ruled during that unsettled period surrounding the Momoyama? The tale says they each were once asked what they would do if they had a nightingale who refused to sing."
Nogami nodded and sipped from his sake saucer. Of course he knew the story. Every Japanese did.
"You doubtless recall that Ieyasu Tokugawa replied, 'I will merely wait until it does sing.' He was a patient man. Toyotomi Hideyoshi, by contrast, said he would prefer to try and reason with the bird, hoping to convince it to sing." He paused and smiled. "Sometimes gentle persuasion does work. But the great warlord Oda Nobunaga declared he would just ring the wretched creature's neck. He had no patience with disobedience."
"Perhaps Ieyasu Tokugawa's answer was the wisest, Sato-sama." The banker's eyes were defiant.
"He also enjoyed the luxury of time, Nogami-san. I suppose the pace of affairs was more leisurely back then." Sato set down his black raku sake saucer and lit a Peace cigarette, the unfiltered Japanese brand. "These days events do not always allow us such luxuries, no matter how much we might wish it. Sometimes it is necessary to proceed forcefully."
"There is always a problem when the bird finds the song is . . . unsuitable." Nogami again sipped from his own saucer, meeting Sato's gaze. "When the notes are discordant."
Jiro Sato listened thoughtfully, appreciating Nogami's indirect and poetic answer. Then the banker went on.
"Ninjo, Sato-sama. For over three centuries ninjo has been what made our brotherhood unique. Are we to forget that now?"
They both knew what he meant. Ninjo was uniquely Japanese, because no other people in the world had Japan's sense of tribal unity. The Western terms chivalry or compassion carried only a superficial sense of ninjo. It was the inborn golden rule of Japanese culture that surfaced daily in expressions of racial togetherness, support and cooperation. It also was a deep-seated part of the Yakuza tradition. Great oyabun of the past liked to point out that the Yakuza's honoring of ninjo was what set their brotherhood apart from the American Mafia.
"The Yakuza have historically served the people," Nogami went on. "Yakuza do not run dishonest gambling tables, even if the victims are to be gaijin. It is not the Yakuza way to perpetrate fraud, which is what the CEO's Eurobond issue amounts to."
Jiro Sato did not offer to refute the assertion. Instead he replied from a different direction, his voice soft.
"There is ninjo, Nogami-san. And there is giri. Which do you respect more?"
He knew he had just presented Nogami with a hopeless dilemma. Giri. It was a word no gaijin could ever entirely comprehend. The closest a foreign language, or a foreign mind, could manage was "duty." But that pale concept missed entirely the reverberations of moral obligation in giri. One could never fully repay such indebtedness, even with one's life. A Japanese called it "the burden hardest to bear."
A Yakuza's foremost expression of giri was to honor and obey his oyabun. The great oyabun of Japan's leading Yakuza syndicates were more than merely godfathers. They were Confucian elders, patriarchs, wisdom figures who embodied all the traditions of the clan. Their authority was absolute and unquestioned.
Kenji Nogami owed as much giri to Tanzan Mino as any man could. The Tokyo oyabun had made him everything he was; it was an obligation he could never fully discharge. One look at his face told how his heart was torn.
But as Jiro Sato studied Nogami's pained eyes, he was torn as well. Tokyo was near to losing confidence in him. The CEO had just announced by telex that a team of kobun had been posted to London to "assist." But if the oyabun's Tokyo people had to step in and solve the problem, a lot more would be lost than finger digits.
Finally Nogami spoke, his voice firm. "Perhaps you will be pleased to learn, Sato-sama, that I am prepared to make certain preliminary accommodations. An initial offering of Eurobonds will be formally issued tomorrow."
"That is a wise decision." Jiro Sato tried to disguise his surge of relief beneath a mask of unconcern. Nogami was going to go along after all!
"It will be for one hundred million Eurodollars," the banker continued. "And it is already fully subscribed, in advance."
"Only one hundred million?" Sato felt his iron facade crack. "What purpose-?"
"It will provide the immediate funds I understand are now needed. After that, we can discuss further steps."
Further steps? Sato thought. Yes, the Tokyo oyabun would definitely see to it that there were further steps. His bird would sing. Or else. Kenji Nogami was acting as though obligation, giri, had ceased to exist. But such t
hings were not possible. Giri lasted forever. Did Nogami think the old ways no longer counted for anything?
"The debentures will be purchased by an American investor," Nogami went on, his voice cutting through the silence. "His name is Vance."
"I have heard of him already." Sato felt his anger boil. Vance, he knew, had the oyabun's hundred million and was trying to hold the entire scenario ransom. What he hadn't known until this instant was that Kenji Nogami was helping him.
Well, he thought, perhaps the two problems can be solved simultaneously. An example is going to be made of Vance, an example that will also serve to provide a certain recalcitrant bird a needed refresher course in giri.
Yes, Jiro Sato thought, the CEO's kobun from Tokyo are going to arrive to find their work has been done. Enough face has been lost, not to mention three men. The situation is intolerable. The only way to regain the London office's tattered honor, to avenge its disgrace, is to resolve the Vance situation immediately.
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