A provocative financial history of the last fifteen years explains how the U.S. has gone from the world's largest creditor to its largest debtor, examining the terrible costs--both economically and politically--of borrowing money from the Japanese.
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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.About the Author:
R. Taggart Murphy has lived in Japan for the past fifteen years. An investment banker, he has had articles and columns in the Harvard Business Review and the New York Times.
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Book Description W W Norton & Co Inc, 1996. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110393038327
Book Description W W Norton & Co Inc. Hardcover. Book Condition: New. 0393038327 New Condition. Bookseller Inventory # NEW7.1064317