Skiing in Japan is getting a $1.4 billion upgrade close to Tokyo

(Bloomberg) -- About 150 miles northwest of Tokyo, in a slivered valley that leads to the Sea of Japan, lies a sleepy pocket of the nation's ski country called Myoko Kogen. Bustling in the 1980s bubble era with young skiers and neon-lit streets, the area has now seen better days.

But in the coming years Ken Chan, the former Japan head of Singapore sovereign…