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Princes of the Yen
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Princes of the Yen

93 MIN · EN · STATUS: [ STREAMING ]

Central banks present themselves as neutral technicians, but economist Richard Werner argues the Bank of Japan spent decades quietly engineering the country's economic and social order. Drawing on Werner's research, the film traces how the bank's window guidance policy pumped credit into the 1980s bubble economy, then tightened it sharply enough to trigger the crash and the stagnation that followed, a period the Japanese call the Lost Decades. Interviews with former Bank of Japan officials, journalists, and economists lay out how a small circle of central bankers, trained in a particular ideology, could reshape an entire nation's institutions without ever facing a vote. Archival footage of Tokyo's boom years and its aftermath, stock tickers, empty offices, bankruptcies, sits alongside the interviews as evidence of the human cost. The film widens its lens toward the end, suggesting the same techniques were later used elsewhere, and leaves the viewer with a plain question about who actually controls a modern economy.