And it took the current account to a deficit, but nothing really happened. The yen was kind of bouncing around between 78, 82 and 83. And then A contact in Japan, great fellow, Funabashi Son, Japanese journalist, thinker, policy person, called and said, there's this fellow called Abe. He'd been the Prime Minister before. He's going to come back. I think he could be the prime Minister. And he's going to campaign on restoring the Japanese economy, economic strength is national strength, and on a reflationary platform. And then kind of everything fell into line because I believe there were three board seats opening on the bank of Japan. Bank of Japan had been a group of deflationist or disinflationists. (12:51–13:20)
CLAIM
Asserts that Shinzo Abe was expected to return as Prime Minister of Japan, campaigning on economic restoration and a reflationary platform.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
