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Princes of the Yen: Japan’s Central Bankers and the Transformation of the Economy.

Princes of the Yen opens the curtains and shows you how money works, who creates it and how it is deployed to cause boom and bust cycles. Professor Werner reveals the unexplored role of central banks and their grip on the economy through their control of credit creation. Princes of the Yen reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept in the dark about this. This book poses an unprecedented challenge to the dominant ideological belief system in economics and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.

At the same time this book presents a new analysis of Japanese economic development in the 20^th century as well as the East Asian high growth growth model, which is based on the Japanese system, and thus offers deep insights into the current competition between competing economic systems.