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TIL - The Japanese economy postwar ran on wartime logic turned towards consumer goods, thanks to "window guidance"
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I Cast Fist programming.dev ICastFist@programming.dev
Joined: 2023-06-22
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Window guidance - essentially, the central bank increases or limits credit for certain sectors in order to incentivize their growth.

Learned from watching this documentary - The Princes of Yen | The Hidden Power of Central Banks (yt link) - , so if anyone knows if any information is wrong or misleading, please tell me so :)

Other stuff the doc mentions is that the late 1980s Japanese economic crisis was caused on purpose by the Ministry of Finance, through the Bank of Japan, by enforcing all banks to reach minimal loan quotas; all of that in order to force structural changes to the finance system, as without a crisis, there is "no reason to change the structure"

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lizardo lemmy.world lizardo@lemmy.world
Joined: 2026-08-18
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I Cast Fist programming.dev ICastFist@programming.dev
Joined: 2023-06-22
#3 · Quote Reply

[deleted]

As much as I want, I can't read japanese and that article has no translated version

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