New book challenges role of the Bank of Japan

A new controversial theory that could transform the world of economics has been drawn up by a University of Southampton academic in a book described by Professor Charles Goodhart as "both a powerful and important book".

Professor Richard Werner, Chair in International Banking, has used his extensive experience in working for research institutes and the financial sector in Tokyo over ten years to debunk existing mainstream economic policies.

In his book New Paradigm in Macroeconomics, Professor

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