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kwharrison13.comEssays, books and notes by Kyle Harrison

Princes of the Yen

From kwharrison13.com · Anti-library
Princes of the Yen
Full titlePrinces of the Yen: Japan's Central Bankers and the Transformation of the Economy
AuthorRichard A. Werner
Published2003
Pages341
Recommended2 times
BuyAmazon
Why it’s on the listWerner’s account of the Bank of Japan’s credit-allocation (“window guidance”) regime, the 1980s bubble it inflated and the lost decade that followed — a contested but unusually mechanical account of how credit creation, rather than interest rates, drives an economy.

Where I heard about it

  • A reply to @WillManidis — named in answer to his question “what is the single best book you can read that will explain an entire industry?” in a thread on X, June 2025. The full recovered list lives on what is the single best book… (tweet).
  • On Patrick Collison’s Bookshelf — Patrick Collison’s catalog of the physical books he owns (unflagged). Saved in Kyle’s April 19th, 2020 Roam daily note.

Connections

  • what is the single best book… (tweet) — the thread this came out of; the full recovered list lives there.
  • Markets — the bubble and its unwinding are the case study.
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