The 1980s saw a huge rise in capital outflows from Japan - Japan began, literally, to buy up the world. Economists were puzzled. Now, in the early 1990s, with the sudden collapse of Japanese capital exports, economic models have completely broken down. In "The Great Yen Illusion", Richard Werner provides an answer. Researching with the Japan Development Bank in Tokyo and using information available only in Japanese, he has uncovered a special form of money creation - asset inflation based on rocketing land values in Japan - which went unnoticed by the whole financial world. The implications are immense. The Yen is heavily overvalued, and the collapse of the Japanese financial system, and therefore a worldwide banking crisis, is a real possibility.
- ISBN10 0297821369
- ISBN13 9780297821366
- Publish Date 1 January 2014
- Publish Status Cancelled
- Out of Print 9 March 1995
- Publish Country GB
- Publisher Orion Publishing Co
- Imprint Weidenfeld Nicolson Illustrated
- Format Hardcover
- Pages 288
- Language English