Starting from a critique of a former Bank of Japan official’s book, this chapter examines responsibility for Japan’s long-term deflation.
It clearly defines the structural role of Asahi Shimbun, so-called cultural elites, and the broader Korea–China context.

2016-08-24
As I have repeatedly pointed out, this too was created by Asahi Shimbun.
Above the previous chapter, there is a book review of The Day the Central Bank Ends, written by Mitsuru Iwamura, a man born in 1950 who once served as a Bank of Japan councillor, but I thought it was an utterly worthless book.
This is because this man must have been serving as a BOJ councillor precisely during the period when the Bank of Japan continued to create what is known as “Japan’s lost twenty years.”
Until Shinzo Abe returned to power, he should have been one of those directly responsible for creating Japan-style long-term deflation, the first such phenomenon ever seen among advanced nations.
Japan-style long-term deflation is now a historically disastrous policy failure, loathed like a venomous creature by countries all over the world.
That Asahi Shimbun also created this has been something I have pointed out many times.
I am now convinced that Asahi Shimbun was a company completely controlled by the governments of South Korea and China and their information and intelligence services.
What South Korea and China have done is to diminish Japan and keep it as a political prisoner within the international community.
It is to prevent the Japanese people from ever fully recognizing the true scale and greatness of Japan as a nation.
Asahi Shimbun and so-called cultural figures represented by people like Kenzaburo Oe faithfully carried out their intentions.
At the same time, while Japan is in fact a great world power and economically the world’s superpower second only to the United States, they constantly manipulated media such as Asahi to devise schemes to extract enormous amounts of aid from Japan, until China finally drew out more than thirty trillion yen, the largest amount of aid in human history, part of which I have already pointed out was supposedly used for aid to Africa.
South Korea obtained aid amounting to three times its national budget at the time, linking it to the Miracle on the Han River and rapidly developing its economy.
Commentators who knew the true nature of Asahi Shimbun continued to call it a newspaper that wrote self-abasing articles.
In reality, however, it was nothing of the sort.
In this chapter, I define for the first time in Japan that it was entirely under the control of South Korea and China.
In other words, it was not self-abasement but simply writing exactly what they were directed to write and permeating Japanese society with their intentions.
Recently, I was the first in the world to write that media such as Asahi Shimbun had absolutely no desire to make their own country larger or stronger, or even to think about making it larger or stronger.
I am convinced that Asahi Shimbun had no wish at all to make Japan a great or strong nation precisely because it was being controlled by South Korea and China.
There is no doubt that this author Iwamura was also a subscriber to Asahi Shimbun.
Therefore, it is no exaggeration to say that he too was indirectly being controlled by South Korea and China,
and that he must have had absolutely no conception of wanting to make Japan a great nation or a strong nation.
That is why he could remain completely unperturbed even after creating deflation that lasted for thirty years.