Book ID: CBB001320919

The Money Doctors from Japan: Finance, Imperialism, and the Building of the Yen Bloc, 1895--1937 (2012)

unapi

Schlitz, Michael (Author)


Harvard University Asia Center


Publication Date: 2012
Physical Details: ix + 268 pp.; ill.; bibl.; index
Language: English

Money and finance have been among the most potent tools of colonial power. This study investigates the Japanese experiment with financial imperialism--or "yen diplomacy"--at several key moments between the acquisition of Taiwan in 1895 and the outbreak of the Sino-Japanese War in 1937. Through authoritarian monetary reforms and lending schemes, government officials and financial middlemen served as "money doctors" who steered capital and expertise to Japanese official and semi-official colonies in Taiwan, Korea, China, and Manchuria. Michael Schiltz points to the paradox of acute capital shortages within the Japan's domestic economy and aggressive capital exports to its colonial possessions as the inevitable but ultimately disastrous outcome of the Japanese government's goal to exercise macroeconomic control over greater East Asia and establish a self-sufficient "yen bloc." Through their efforts to implement their policies and contribute to the expansion of the Japanese empire, the "money doctors" brought to the colonies a series of banking institutions and a corollary capitalist ethos, which would all have a formidable impact on the development of the receiving countries, eventually affecting their geopolitical position in the postcolonial world.

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Reviewed By

Review Driscoll, Mark (2013) Review of "The Money Doctors from Japan: Finance, Imperialism, and the Building of the Yen Bloc, 1895--1937". American Historical Review (p. 1163). unapi

Citation URI
https://data.isiscb.org/isis/citation/CBB001320919/

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Authors & Contributors
Yongyuan Huang
Christmas, Sakura Marcelle
Ji-Young Park
Lee, Seok-Won
Saberi, Helen
Kang, Jin-Yeon
Concepts
Japan, colonies
Colonialism
Government sponsored science
Science and government
Science and economics
Science and culture
Time Periods
20th century, early
19th century
20th century, late
20th century
Qing dynasty (China, 1644-1912)
Tang dynasty (China, 618-907)
Places
Japan
Korea
China
Taiwan
Manchuria
East Asia
Institutions
Taihoku Teikoku Daigaku
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