In the featured video, Ivor Cummins interviews professor Richard Werner, author of “Princes of the Yen — Japan’s Central Bankers and the Transformation of the Economy”1 on “The Fat Emperor Podcast.” Werner has a Ph.D., in economics from Oxford University. He was a visiting scholar with the bank of Japan back in the 1990s.
In 1995, he created a monetary policy known as quantitative easing, which is intended to help banks get out of financial crises more rapidly and avoid long-term recession.