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Bonderman Is Skeptic on Japan

Tuesday, 30 Apr 2013 | 4:10 PM ET
David Bonderman, founding partner of Texas Pacific Group
Jonathan Alcorn | Bloomberg | Getty Images
David Bonderman, founding partner of Texas Pacific Group

David Bonderman, the founding partner of TPG Capital, may not be a Japan skeptic on the level of Kyle Bass. But he's definitely not enthusiastic about the long-term prospects for that nation's economy.

"I think Japan is one of the most challenged places on the globe," Bonderman said. "There's no culture of personal responsibility; there's no culture of corporate responsibility. Guys get indicted and run the company from jail. Pretty soon everyone will be older than me. Over time, I hate the place."

China, however, is "oversold," he added.

—Follow John on Twitter @twitter.com/Carney

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