Weight of the Yen Book + PRICE WATCH * Amazon pricing is not included in price watch

Weight of the Yen Book

In the mid 1980s, the land in Tokyo and its surrounding area was thought to be worth more than the combined value of all real estate in the United States. Ten years later, with a banking system $400 billion in debt, the picture is entirely different. R. Taggart Murphy, an investment banker who lives in Japan, delves into the reasons for this backward fall in The Weight of the Yen. He details the Japanese political and economic systems and then nudges the finger of blame toward the country's civil service system--especially the Ministry of Finance--and to the mishandling of the U.S.-Japanese alliance. Read More

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  • Product Description

    In the eight years from 1980 to 1988, America fell from financial grace, becoming the world's largest debtor. This happened because the United States spent and Japan saved. In the early 1980s, Reagan's Washington discovered that Japan would cheerfully lend their vast savings to the United States by buying U.S. government bonds. How the Japanese money accumulated, the system that created it, and American fumbling that led to crippling debt service, a loss of much of our manufacturing base, and our economy's diminishing good jobs. The Weight of the Yen explains it all, in an intriguing, jargon-free analysis of the past fifteen years and the problems between America and Japan that are yet to come.

  • 0393316572
  • 9780393316575
  • RT Murphy
  • 16 July 1997
  • W. W. Norton & Co.
  • Paperback (Book)
  • 352
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