Princes of the Yen

Downtown Tokyo

Halfway through watching this simple but fascinating documentary, by the same team that made the equally eye-opening 97% Owned, a friend turned up. Instead of saying “How are you?” or “Wanna cup of tea?” (I’m writing this in the UK), I said, “God, I’m watching this amazing documentary about economics in Japan and how the authorities there deliberately sabotaged the country’s economy, and the whole 1980s boom and bust was a fix, and the…” and on I burbled. It’s not the reaction you’d expect to what is essentially a PowerPoint presentation, delivered in steady-as-she-goes voiceover. Yet the story the film (subtitle: Central Banks and the Transformation of the Economy) tells is remarkable, and is … Read more