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BIBLIOGRAPHY

One Hundred Year History of the Bank of Japan, Vol. 5, Chapter 3 "The Bank of Japan during the Post-war Reconstruction Period, 1.(6) Emergency Financial Measures".

One Hundred Year History of the Bank of Japan, Vol. 5 — Editorial Committee for the One Hundred Year History of the Bank of Japan (Bank of Japan).

Claims Supported by This Source

  1. p.39: The 10, 20, 100, 200, and 1000 yen notes lose their legal tender status on March 2, Year 21 (the 5 yen note also, per Ministry of Finance Ordinance No. 16 of February 22).
  2. p. 41: The deposit freeze was implemented on February 18 (Monday), and the deposit of old notes and payment of new notes began on the 25th. The new notes were initially banknotes with affixed stamps; new-style banknotes were issued starting with the 100-yen and 10-yen notes on March 1, the 5-yen note on the 8th, and the 1-yen note on the 20th.
  3. p. 41: Although March 2 was a Saturday, the Federation of Bankers Associations of Japan extended business hours until 3:00 PM, and also opened temporarily on the following day, Sunday, March 3.
  4. p. 42: The total amount of old banknotes collected from February 18 to March 8 was 50.30409 billion yen, a collection rate of 81.9% compared to the 61.45164 billion yen in circulation on February 16.
  5. p. 44, Table 1-12: The amount of banknotes in circulation peaked at 61.8 billion yen on February 18, then contracted to 15.2 billion yen by March 12, which was 24.6% of the peak amount.
  6. p. 47: From April 1, the withdrawal amount for personal living expenses was reduced (for heads of household, from 300 yen/month to 100 yen/month). The amount in circulation at the end of March was 23.3 billion yen. The actual amount in circulation was 42.8 billion yen at the end of June, and 93.4 billion yen at the end of December.
  7. pp. 49–51: The effect was temporary. It instilled a deep-seated sense of distrust and anxiety in the public. The amount of frozen deposits withdrawn in new yen from April to June was 15.4 billion yen.

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