The Dichotomy of Truth in Japanese Finance

This chapter explores the distinction between 'official truth' and 'real truth' in Japanese culture, particularly concerning economic practices in the late 1980s. It examines the relationship between capital flows and real estate bubbles while challenging prevailing economic theories with personal experiences and historical data. The narrative critiques the role of banks and central planners in creating asset bubbles, proposing alternative approaches for addressing financial instability.

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