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Financial Stabilization in Meiji Japan – The Impact of the Matsukata Reform - Cornell Scholarship Online
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Financial Stabilization in Meiji Japan: The Impact of the Matsukata Reform

Steven J. Ericson


With a new look at the 1880s financial reforms in Japan, this book overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. The book 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 the book sets the record straight. It shows that Matsukata in ... More

Keywords: Japan, financial reform, Matsukata Masayoshi, money supply, austerity, financial crisis, economic liberalism

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9781501746918
Published to Cornell Scholarship Online: May 2020 DOI:10.7591/cornell/9781501746918.001.0001


Affiliations are at time of print publication.

Steven J. Ericson, author
Dartmouth College