Marc Abela on Japan’s Monetary System, Culture

August 15, 2014 – Marc Abela, co-organizer of the Tokyo Liberty Club, discusses the failed, 25-year monetary stimulus program of the Bank of Japan and its creation of insolvent banks. He also tells the story of Toshio Murata, a Japanese student of Ludvig von Mises in the 1950s who painstakingly translated “Human Action” into Japanese. Abela also shares his thoughts on Japanese culture, mindset, and its high rate of suicide.

 

What are your thoughts on Japan’s monetary system? Post your comments below.

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