by After the war the U.S. turned Japan's war economy over to domestic production. The capitalist competitive environment ment that Japanese companies fought for market share to stay alive but profits tended towards zero. Japanese companies were destroying each other.From what I've read, economists consider this to be the ideal market where profits tend towards zero, but the Japanese were suffering. So the Japanese government allowed companies to form into cartels which ensured sufficient profits and everyone gained including the Japanese workers who got jobs for life with good wages, benefits, and pensions. The Japanese economic miracle then took place.But behind the scenes a few individuals at the Bank of Japan wrecked the Japanese economy by pumping the money supply and telling banks to
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From what I've read, economists consider this to be the ideal market where profits tend towards zero, but the Japanese were suffering. So the Japanese government allowed companies to form into cartels which ensured sufficient profits and everyone gained including the Japanese workers who got jobs for life with good wages, benefits, and pensions. The Japanese economic miracle then took place.
But behind the scenes a few individuals at the Bank of Japan wrecked the Japanese economy by pumping the money supply and telling banks to lend more money. The economy boomed and everyone loved it, including the house owners who saw the value of their property rise in the resulting bubble. When the bubble burst the BoJ could apply 'shock therapy' to bring in market reforms and neoliberal changes. The Japanese workers suffered losing their perks and jobs for life while the suicide rate soared, but rich western financiers picked up companies for pennies on the dollar. It was all engineered.
Then the western financiers went on to cause the Asian bubble cleaning up there as well and now they are in Europe doing the same. When you add in how they looted Russia, you can see the name of the game. They've been trying to loot China for centuries.
“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 a book 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. Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film. “Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, 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. “Because only power that is hidden is power that endures.” A film by Michael Oswald You can follow Richard Werner (Author of the Book) on Twitter at @ProfessorWerner
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At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.