Make money in the Far East for elder statesman (5)
I believe the answer is:
doyen
'elder statesman' is the definition.
(I've seen this in another clue)
'make money in the far east' is the wordplay.
'make' becomes 'do' (do can mean to make or prepare).
'money in the far east' becomes 'yen' (currency of Japan).
'do'+'yen'='DOYEN'
'for' acts as a link.
(Other definitions for doyen that I've seen before include "Senior member of a professional group" , "As senior statesman" , "Most prominent expert" , "Respected field leader" , "Most valued prof, eg" .)