Episode 2 of 2
Counterfeiting and Inflation
- When
- 1882
- Where
- Japan
Poor paper quality and counterfeiting plagued the notes, while inflation rose after the Satsuma Rebellion, leading to their eventual replacement.
Legal tender notes faced issues with paper quality and circulating counterfeits. The decision to issue them as fiat currency contributed to inflation following the Satsuma Rebellion, prompting the government to issue redesigned banknotes in 1882.
Sources
- Meiji Tsuho Wikipedia, revision of 2026-02-22
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.