Princes of the Yen - Central Banks and the Transformation of the Economy

“Princes of the Yen” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.

Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.

Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.

“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.

Princes of the Yen: Central Banks and the Transformation of the Economy.

"Because only power that is hidden, is power that endures."


  • Director, Producer & Writer: Michael Oswald 

  • Narrator: Andrew Piper 

  • Associate Producer: Mike Howarth

    Website   Year of release: 2014  Filmed on Canon 550D & 5D MkIII