Central Banks are some of the most secretive and misunderstood institutions in the world. What powers do they wield? Who's interests do they serve? How do their actions affect our everyday lives?
Set in 20th Century Japan, the documentary explores the role and power of central bank, and how they can be used to change a country's economic, political and social structures.
The film opens on archival footage from the 1941 Japanese bombing of Pearl Harbor, and works to set the stage for what would become an American-led occupation of post-war Japan where Democracy was imposed upon the nation "as if they'd never heard of it." The commercial banking system of the country was logically in shambles, with most of its assets being comprised of war bonds and loans to industries that had been wrecked by the war - rendering it basically bankrupt.
This shortcoming was alleviated by the Japanese central bank swooping in and buying these worthless assets with newly-created reserves. The first two post-war Japanese central bank governors were appointed by the American occupation hierarchy, and numerous other high-ranking government officials that would assume power in the war's aftermath were very much in line with the American agenda. A documentary based on a book by Professor Richard Werner. Full Documentary 92 minutes..