Asian Museums Hurting For Money

Japan’s art museums are facing a serious cash crunch. As the economy has stalled, money for art has become scarce. “In the profligate 1980s, Japanese businessmen lavished money on art, and when in 1987 the Yasuda Insurance Co bought Vincent van Gogh’s Sunflowers for more than US$36 million the purchase rocked the global art market. Those days are long gone.”