During the course of my academic and professional career, I have authored and contributed to around half a thousand pieces of research and literature in English, Japanese and German, including books (as author, editor, series editor or contributor), journal papers (academic, professional as well as popular journals), conference contributions and discussion papers and reports for charitable organisations and the private sector, among many others.
The majority of my research is based on the Quantity Theory of Credit which I proposed in 1992. Furthermore I am well-known for proposing a new monetary policy, which I called ‘Quantitive Easing‘ in Japan in 1995 (which remained opposed by the Bank of Japan for years, before it adopted a distorted version of my proposal). I largely disagree with today’s central bank policy of that name.
My book ‘Princes of the Yen’ (2003) became a number one bestseller in Japan, beating Harry Potter for six weeks. In the English version I warned that the ECB was likely to create credit booms, asset bubbles, banking crises and recessions in the eurozone. A documentary movie about the book was launched in 2014 (see below for a link to the full movie on YouTube).
Also in 2014, I published the first empirical test of the various theories of banking, demonstrating for the first time in the history of banking that banks do not lend money, but instead newly create credit and money (see the papers below).
Please see below for a list of major recent works that are important in my research programme.
For a more complete list of academic works only, please see this page.
For a list of various publication types, including contributions to TV and radio, please see this document (PDF, 37 pages).
To access and read older articles (both academic and in the press), see www.profitresearch.com (under Free Research).