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Spending in a time of “Retrenchment”: Industrial Policy and the Military

Steven J. Ericson

in Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform

Published in print:
2020
Published Online:
May 2020
ISBN:
9781501746918
eISBN:
9781501746925
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501746918.003.0005
Subject:
History, Asian History

This chapter shows how the Matsukata reform brought about a shift in industrial policy. This indicated a move away from direct state intervention in the economy and toward the creation of a favorable ... More


Austerity and Expansion: The Matsukata Reform, 1881–1885

Steven J. Ericson

in Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform

Published in print:
2020
Published Online:
May 2020
ISBN:
9781501746918
eISBN:
9781501746925
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501746918.003.0004
Subject:
History, Asian History

This chapter describes the outbreak of military crises on the Korean Peninsula, the worsening of the domestic depression brought on primarily by Matsukata's own currency contraction, and other ... More


“Poor Peasant, Poor Country”?: The Matsukata Deflation

Steven J. Ericson

in Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform

Published in print:
2020
Published Online:
May 2020
ISBN:
9781501746918
eISBN:
9781501746925
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501746918.003.0007
Subject:
History, Asian History

This chapter discusses the Matsukata deflation and its impact on domestic agriculture and industry and on foreign trade. Regardless of whether scholars hold negative or positive views of the ... More


The Matsukata Reform as “Expansionary Austerity”

Steven J. Ericson

in Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform

Published in print:
2020
Published Online:
May 2020
ISBN:
9781501746918
eISBN:
9781501746925
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501746918.003.0008
Subject:
History, Asian History

This concluding chapter returns to the notion that Matsukata merged the positive and negative policies of his predecessors along liberal nationalist lines, pursuing a kind of “expansionary austerity” ... More


Founding a Central bank

Steven J. Ericson

in Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform

Published in print:
2020
Published Online:
May 2020
ISBN:
9781501746918
eISBN:
9781501746925
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501746918.003.0006
Subject:
History, Asian History

This chapter shows how, like other aspects of the Matsukata financial reform that veered from classical financial orthodoxy, the Bank of Japan (BoJ) turned out to be hardly orthodox in its structure ... More


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