The Founder

Richard A. Werner, Managing Director and Chief Strategist of Profit Research Center Ltd., was born in 1967 in Bavaria, Germany. He obtained a B.Sc. (Economics) from the London School of Economics and a D.Phil. in Economics from the University of Oxford. He also studied and researched at the University of Wales and the University of Tokyo.

Richard has almost twenty years of experience in the financial sector, including as Chief Economist at Jardine Fleming Securities (Asia) Ltd. as asset allocation committee member of one of Japan's largest corporate pension funds, hedge fund advisor, and researcher at the Asian Development Bank, the Japanese Ministry of Finance, the Bank of Japan, the Japan Development Bank, the Nomura Research Institute and the Institute of Economics and Statistics at the University of Oxford.

He has been advisor to the ruling Liberal Democratic Party's Central Bank Reform Research Group and served on several Ministry of Finance advisory panels.

Richard has been teaching finance at universities in Japan and the UK since 1997 and is currently Professor of International Banking at the School of Management, University of Southampton. He is known for his asset allocation and market forecasting models that are based on central bank and bank credit creation. In October 1991, he published his first major report on the Japanese economy, The Great Yen Illusion, which warned that Japanese banks were on the verge of bankruptcy and a historic recession was likely in Japan. He was voted as one of Japan's top economists by investor surveys in the 1990s conducted by the Institutional Investor magazine, the Greenwich Survey and the Japanese Economist.

His recent books Princes of the Yen and New Paradigm in Macroeconomics won wide acclaim. Princes of the Yen became a No. 1 general bestseller in Japan. Richard is widely quoted in the media and sought as public speaker. Investors find his work original, lucid and indispensable for decision-making.

You can watch an interview given to Bloomberg Television in April 2007 (split into Part I and Part II).

Richard has been quoted in, or has written for, The Nihon Keizai Shimbun (Nikkei), The Wall Street Journal, The New York Times, The Economist, Newsweek, The Financial Times, Forbes, Reuters, The Asahi Shinbun, Toyo Keizai, The Business Times, The Straits Times, The Mainichi Shinbun, The Daily Yomiuri, The Keizai Seminar Magazine, The Daily Telegraph, The Independent, Frankfurter Allgemeine, Finanzen & Wirtschaft, Finanzen, Time, Nikkei Weekly, Bloomberg, AP Dow Jones, South China Morning Post, Asian Business News, CNBC, CNN, NHK, Asahi TV, TV Tokyo, as well as various other international newspapers, newswires, magazines and television channels. He has hosted his own weekly TV show, 'Different Views', on Channel J, cable television (available through NHK World).