Princes of the Yen
(eVideo)

English

Streaming video file encoded with permission for digital streaming by Infobase on August 15, 2015.

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Princes of the Yen reveals how post-war Japanese society was transformed to suit the agenda of powerful interest groups, while citizens were kept in the dark. Based on a book by Professor Richard Werner, the film uncovers how the Bank of Japan pumped up and then crashed the Japanese economy. The aim was to induce change in the Japanese financial system, transforming it from a wartime economy dealing in consumer goods into a U.S.-style free market economy. Today, what happened in Japan 25 years ago is repeating itself in Europe, with the aim of centralizing power and avoiding oversight in the Eurozone. The film shows why it is important for central banks to be accountable and transparent. It also explains how international financial organizations, such as the IMF, seek to impose conditions on countries that are mainly of benefit to dominant Western interests. Princes of the Yen provides useful background for anyone interested in understanding recent developments and the significance of the establishment of institutions such as the AIIB and the BRICS-led New Development Bank.

System requirements: Access Video On Demand playback platform.

Closed-captioned.