Sign-In
Cart
Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform
Hardcover
Series: Cornell Studies in Money
Business GeneralGeneral Political ScienceJapanese History
ISBN13: 9781501746918
Publisher: Cornell Univ Pr
Published: Feb 15 2020
Pages: 210
Weight: 1.06
Height: 0.90 Width: 6.30 Depth: 9.10
Language: English
With a new look at the 1880s financial reforms in Japan, Steven J. Ericson's Financial Stabilization in Meiji Japan overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. As Ericson shows, rather than constituting an orthodox financial-stabilization program--a sort of precursor of the neoliberal reforms promoted by the IMF in the 1980s and 1990s--Matsukata's policies differed in significant ways from both classical economic liberalism and neoliberal orthodoxy.
The Matsukata financial reform has become famous largely for the wrong reasons, and Ericson sets the record straight. He shows that Matsukata intended to pursue fiscal retrenchment and budget-balancing when he became finance minister in late 1881. Various exigencies, including foreign military crises and a worsening domestic depression, compelled him instead to increase spending by running deficits and floating public bonds. Though he drastically reduced the money supply, he combined the positive and contractionary policies of his immediate predecessors to pull off a program of expansionary austerity paralleling state responses to financial crisis elsewhere in the world both then and now.
Through a new and much-needed recalibration of this pivotal financial reform, Financial Stabilization in Meiji Japan demonstrates that, in several ways, ranging from state-led export promotion to the creation of a government-controlled central bank, Matsukata advanced policies that were more in line with a nationalist, developmentalist approach than with a liberal economic one. Ericson shows that Matsukata Masayoshi was far from a rigid adherent of classical economic liberalism.
Also in
Japanese History
The Devil Reached Toward the Sky: An Oral History of the Making and Unleashing of the Atomic Bomb
Graff, Garrett M.
Hardcover
A Brief History of Japan: Samurai, Shogun and Zen: The Extraordinary Story of the Land of the Rising Sun
Clements, Jonathan
Paperback
The Book of Yokai, Expanded Second Edition: Mysterious Creatures of Japanese Folklore
Foster, Michael Dylan
Paperback
Manga's First Century: How Creators and Fans Made Japanese Comics, 1905-1989
Horbinski, Andrea
Paperback
The Japanese Mind: Understanding Contemporary Japanese Culture
Ikeno, Osamu
Davies, Roger J.
Paperback
Kojiki: Fully Revised Edition: Records of Ancient Matters (Revised and with a New Foreword)
Yasumaro, O. No
Paperback
Japan's Amazing Bullet Trains: The History and Technology of the World's First High-Speed Rail Network
Railways Graphic
Hardcover
Japan's Infamous Unit 731: First-Hand Accounts of Japan's Wartime Human Experimentation Program
Gold, Hal
Paperback
In the Japanese Ballpark: Behind the Scenes of Nippon Professional Baseball
Fitts, Robert K.
Hardcover
The Greater East Asia Co-Prosperity Sphere: When Total Empire Met Total War
Yellen, Jeremy A.
Paperback
Bushido: The Samurai Code of Japan: With an Extensive Introduction and Notes by Alexander Bennett
Nitobe, Inazo
Hardcover
Japan, Beyond the Genkan: An Insider's Guide to the Soft Power, Strong Market, and Social Harmony of America's Asian Partner
Walker Phd, Joshua W.
Hardcover
The Book of Yokai, Expanded Second Edition: Mysterious Creatures of Japanese Folklore
Foster, Michael Dylan
Hardcover
Sacred Journeys and Institutional Rivalries: Pilgrimage Mandalas and the Art of Fundraising in Medieval Japan
Andrei, Talia
Hardcover
Hokusai's Thirty-Six Views of Mount Fuji: From the Collection of the Metropolitan Museum of Art
Scantamburlo, Elisabetta
Paperback
Eight Days in August: The Countdown to the Collapse of Japan and the End of World War II
Zablocki, Peter
Hardcover
Nation-Empire: Ideology and Rural Youth Mobilization in Japan and Its Colonies
Chatani, Sayaka
Hardcover
The Devil Reached Toward the Sky: An Oral History of the Making and Unleashing of the Atomic Bomb (Large Print Edition)
Graff, Garrett M.
Hardcover
The Japanese Yokai Handbook: A Guide to the Spookiest Ghosts, Demons, Monsters and Evil Creatures from Japanese Folklore
Kinoshita, Masami
Paperback
A Plague Upon Humanity: The Hidden History of Japan's Biological Warfare Program
Barenblatt, Daniel
Paperback
African Samurai: The True Story of Yasuke, a Legendary Black Warrior in Feudal Japan
Girard, Geoffrey
Lockley, Thomas
Paperback
Samurai!: The Autobiography of Japan's World War II Flying Ace
Sakai, Saburo
Caidin, Martin
Saito, Fred
Paperback
Killing the Rising Sun: How America Vanquished World War II Japan
Dugard, Martin
O'Reilly, Bill
Paperback
A Geek in Japan: Discovering the Land of Manga, Anime, Zen, and the Tea Ceremony (Revised and Expanded with New Topics)
Garcia, Hector
Paperback
Miti and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975
Johnson, Chalmers
Paperback
Brokering a Race War: Japanese Americans in the Pacific War and the Occupation of Japan
Azuma, Eiichiro
Paperback
Japanese Kabuki Stories: Tales of Love and Death from the Japanese Theater
Civardi, Ornella
Hardcover
The Way of the Warrior: The Way of the Samurai, the Art of War, the Book of Five Rings
Nitobe, Inazo
Tzu, Sun
Miyamoto, Musashi
Paperback
Manga's First Century: How Creators and Fans Made Japanese Comics, 1905-1989
Horbinski, Andrea
Hardcover
Japanese Legends: Samurai, Spirits, Myths & the Sacred Stories of Japan
Alive, History Brought
Hardcover
An Illustrated Guide to Samurai History and Culture: From the Age of Musashi to Contemporary Pop Culture
Blair, Gavin
Hardcover
Kaigun: Strategy, Tactics, and Technology in the Imperial Japanese Navy, 1887-1941
Evans, David C.
Peattie, David
Paperback
The Lineage of the Arisaka: Facts and Circumstance in the History of the Arisaka Family of Rifles
Faust, Frederic
Paperback
On the Production Methods of Pot Still Whisky: Campbeltown, Scotland, May 1920
Taketsuru, Masataka
Hardcover
Cherry Blossoms in Twilight: Memories of a Japanese Girl
Weldon, Yaeko Sugama
Sugama-Weldon, Yaeko
Austin, Linda E.
Paperback
New Guinea Eagles Volume 1: The Japanese Air Army from Rabaul to Wewak October 1942 to September 1943
Claringbould, Michael
Paperback
Black Snow: Curtis Lemay, the Firebombing of Tokyo, and the Road to the Atomic Bomb
Scott, James M.
Paperback
Japanese Legends and Folklore: Samurai Tales, Ghost Stories, Legends, Fairy Tales and Historical Accounts
Mitford, A. B.
Paperback
Memoirs of a Kamikaze: A World War II Pilot's Inspiring Story of Survival, Honor and Reconciliation
Ohta, Shigeru
Odachi, Kazuo
Hardcover
The Pacific War, 1931-1945: A Critical Perspective on Japan's Role in World War II
Ienaga, Saburo
Paperback
State and Diplomacy in Early Modern Japan: Asia in the Development of the Tokugawa Bakufu
Toby, Ronald P.
Paperback
Manufacturing Modern Japanese Literature: Publishing, Prizes, and the Ascription of Literary Value
Mack, Edward
Paperback
Japanese Missions to Tang China in Chang'an: Sub Title: Kentoshi Diplomacy, Ritual, and Urban Life, 618-907 CE
Han, Yangmin
Hardcover
Vintage Japan: Rare 19th Century Photographs from the Yokohama Studio of Felice Beato
Civardi, Ornella
Hardcover
And the River Flowed as a Raft of Corpses: The Poetry of Yamaguchi Tsutomu, Survivor of Both Hiroshima and Nagasaki
Yamaguchi, Tsutomu
Diehl, Chad
Paperback
Japanese Swords and Armor: Masterpieces from Thirty of Japan's Most Famous Samurai Warriors
Martin, Paul
Hardcover
Samurai, the Greatest Battles and Warriors in Japanese Art: (Woodblock Prints)
Marks, Andreas
Hardcover
The Book of Ninja: The Bansenshukai - Japan's Premier Ninja Manual
Minami, Yoshie
Cummins, Antony
Hardcover
In This Body, in This Lifetime: Awakening Stories of Japanese Soto Zen Women
Roshi, Sozen Nagasawa
Paperback
Comfort Women: Japan's Brutal Regime of Enforced Prostitution in the Second World War
Hicks, George
Paperback
The Great Wave: Gilded Age Misfits, Japanese Eccentrics, and the Opening of Old Japan
Benfey, Christopher
Paperback
Hiroshige's Japan: On the Trail of the Great Woodblock Print Master - A Modern-Day Artist's Journey on the Old Tokaido Road
Delord, Philippe
Hardcover
Japan from Anime to Zen: Quick Takes on Culture, Art, History, Food . . . and More
Barton, David Watts
Paperback