1. MONETARY CHANGES IN JAPAN.
- Author
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Droppers, Garrett
- Subjects
MONETARY systems ,ECONOMIC conditions in Japan, 1868-1918 ,CURRENCY question ,GOLD standard ,COINAGE ,SATSUMA Rebellion, 1877 ,SAFETY paper ,MONETARY policy - Abstract
The article presents information about the monetary changes that influenced Japan's economic conditions from 1871 to 1897. It discusses the adoption of gold standard in 1871, influence of Satsuma Rebellion in 1877 on paper currency, and changes in the value of silver against gold, in Japan. The base of the modern monetary system traces its foundation in the government ordinance issued in 1869. The ordinance was aimed at establishing a mint in Osaka to coin yen. It is told that the restoration in 1868 led to low quality currency paper in the country.
- Published
- 1898
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