Episodes - Desperate War of Japan in the Pacific -
Reports
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Bank notes
ÌÙÈ÷·ô
| Year | Yuan billion |
| 1942 | 3.48 |
| 1943 | 19.15 |
| 1944 | 139.69 |
| 1945 | 2,692.30 |
ˡʾ
| Year | Yuan billion |
| 1937 | 1.5 |
| 1943 | 15.0 |
| 1944 | 190.0 |
Japan and China fought for 15 years till the end of the Pacific war. Chinese army and Japan fought in Shanghai in 1937.
That was the beginning of money war. The both armies issued a lot of notes to get materials for requisition. The table
shows hyper inflation in China. The increase ratio of ÌÙÈ÷·ô was 1,900% from 1944 to 1945. Nanjing government issued
ÌÙÈ÷·ô of the Central Reserve Bank of China. Japan could not ignore power of ˡʾ. So Nanjing government was to
recover military notes of Japan on Apr 1943. ÌÙÈ÷·ô was paper in the end of the Pacific War. The other yuan note also
was published much and hyper inflated. After all communist government could have Canton people circulate her yuan.
Gunzo, p106-108, No72
Houhei
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Chinese yuan
Japanese military yen
|  |
| Yuan | Nanjing yuan |
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