Princes of the Yen by Richard A. Werner

Princes of the Yen by Richard A. Werner

Werner is the economist who coined the term quantitative easing, and he spent years inside Japanese finance. His thesis is that the Japanese bubble of the late 1980s and the lost decades that followed were not accidents.

He argues from Bank of Japan documents that credit was deliberately directed to inflate asset prices, then deliberately cut off, and that the resulting crisis was used to force structural reforms that could not have been achieved politically in normal times. The mechanism he describes — window guidance — is documented in detail.

A serious and controversial account of central banking power, widely read outside orthodox economics.

📚 Book Specifications

✅ Premium Quality Books.

✅ High Printing quality.

✅ Eye Friendly.

✅ Matt cover (Paperback)