Financial Emergency Measures Order

Japanese: 金融緊急措置令 - きんゆうきんきゅうそちれい

On February 17, 1946, the moratorium legislation was enacted as an emergency measure to prevent postwar inflation in the economic crisis. It blocked all deposits and other debts of financial institutions, and prohibited their payment in principle. At the same time, the government also issued the Bank of Japan Note Deposit Order, issued new yen, and took measures to stabilize the currency. As a result, the Bank of Japan note issuance, which was 60 billion yen at the time, rapidly decreased, and inflation was temporarily halted.
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Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

1946年２月17日，戦後インフレ阻止の経済危機緊急対策として公布されたモラトリアム立法。預金その他の金融機関の債務を一切封鎖し，その支払いを原則として禁止。政府は同時に日銀券預入令も公布して，新円を発行，通貨安定を策し，これらによって当時600億円にものぼった日銀券発行高は急速に縮小し，インフレ進行は一時的に小康を保った。
→関連項目融資準則

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