Princes of the Yen | The Hidden Power of Central Banks

Michael Oswald’s film “Princes of the Yen: Central Banks and the Transformation of the Economy” 『円の支配者』reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this. Based on the book of the same title by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history. Watch our new documentary about Britain’s role in encouraging global corruption: Sign up to our newsletter and be the first to hear about upcoming releases Become a Patreon supporter and gain early access to the documentaries, the extras and be a part of the projects as they develop: Music is from Buro: and Antonymes: If you like Princes of the Yen support our future documentaries: Go Fund Me: share-flow-1 Bitcoin: 3M89ao9jf4cc9g68r5nVHLHwztgh88Gy52 Watch our new documentary The Spider’s Web: Translate this film: Help us spread the word: Rate this film on IMDB: Rate it and comment on youtube. Share the film with your network. Reviews: “Mastery of filmmaking. An engaging and dynamic narrative supported by visual aesthetics” - Simeon Roberts - Film Critic, “Essential viewing if you’ve any interest at all in economics or politics“ - Steve Morrissey Film Reviwer & Critic, “Blows open the widely held consensus that ‘independent’ central banks are a force for economic good.“ Josh Ryan-Collins - New Economics Foundation and co-author of “Where Does Money Come From?“ “A fascinating look at the need for better public understanding of just how much money can affect the world we live in.” Ben Dyson - Founder Positive Money & co-author of ‘Modernising Money’ Website: How central banks create money: 0:00 Introduction 2:17 The American Occupation of Japan 8:12 Kishi Nobusuke and Post-Occupation Politics 11:05 The Japanese War Economy System 15:29 The War Economy and International Trade 18:33 Japan’s Central Bankers Call for Economic Reform 23:28 How to Create an Economic Bubble 29:28 Money Creation and the Bubble 32:59 International Capital Flows 37:58 The Crash of the Japanese Economy 46:18 The Power of Central Banks 53:48 Dismantling the Ministry of Finance 56:36 An Independent Bank of Japan 59:57 No Economic Growth without Structural Reform 1:08:51 The Southeast Asian Crisis 1:15:25 The IMF to the Rescue 1:20:21 The Bailout of Long Term Capital Management 1:22:30 The European Debt Crisis 1:28:21 Conclusion