Description
Yen! is the first book to examine the startling consequences of Japan's increasing control over the global economy's most strategic single resource: money.
Daniel Burstein spent three years researching Yen! on both sides of the Pacific, obtaining interviews with many of the Japanese financial community's most powerful figures. The result is a book that is required reading for anyone concerned about America's future-a future that Burstein demonstrates may be increasingly owned, bankrolled, and controlled by Japanese moneymen-a future that may well spell the end of the American Dream for most Americans.
Behind the glittery facade of the Roaring '80s on Wall Street, a staggering shift has taken place. Japan is now "banker to the world," while the United States has become the biggest debtor in history. As they've already done in the auto, steel, and electronics industries, Japanese companies are now in the process of surpassing the U.S. in producing and monopolizing financial services. This time, however, the stakes are far greater. As a leading Japanese financier told Burstein, "Money is the blood that runs through every economy, carrying food to the nation's brain and heart." Competition in the realm of finance is tantamount to competition for control of a country's lifeblood. ISBN:0671647636