In the period between 1917 and 1918, a series of mysterious loans negotiated between Japanese middleman Nishihara Kamezō 西原亀三 and the government of warlord Duan Qirui 段祺瑞 amounted to the fabulous amount of ¥145,000,000. Although reporting about these loans at the time was confused to say the least, we now know that there existed definite and close relationships between Nishihara Kamezō on the one hand, and the Terauchi Cabinet in Tokyo, in the person of then Minister of Finance Shōda Kazue 勝田主計 in particular.1 Analyzing the Nishihara loans in their geopolitical and historical particularity and isolation is, however, to miss the point. In what context(s) were these infamous loans raised? What was, for instance the nature of their geopolitical climate and their international institutional character? Next, in what respect did the Nishihara loans differ from earlier, more 'official' instances of yen diplomacy? In what respect did they represent a break with former administrations, and, more importantly, did their exist a broad consensus about their objectives and appropriateness? And not in the least: how did China's turbulent politics contribute to their ill fate?
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
7100.
Find related papers by JEL classification: N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services N4 - Economic History - - Government, War, Law, and Regulation
This paper has been announced in the following NEP Reports: