Huff, Gregg; Majima, Shinobu - Economics Group, Nuffield College, University of Oxford - 2012
This paper analyzes how Japan financed its World War II occupation of Southeast Asia, the transfer of resources to … Japan, and the monetary and inflation consequences of Japanese policies. In Malaya, Burma, Indonesia and the Philippines … inflation ,hyperinflation hardly occurred because of a sustained transactions demand for money, because of Japan’s strong …