"Your Mr. Bassett doesn't come to Japan because of the war," said a junior executive of the Japan Racing Association in late August 2004. It was close to midnight in Sapporo, where I had accompanied Rogers Beasley on my first trip to Japan. We had dined with Masayuki Goto, a very sharp man, then a general manager of corporate planning, who the same junior executive whispered would in time ascend to the top job. Gotosan insisted on karaoke after dinner, and I learned later such occasions bring out candor, laughter,...