Military Yen After The War
After Japan announced its unconditional surrender on 15 August 1945, military yen banknotes were seized by British military authorities. However, although there was about as much as 1.9 billion yen, the Japanese military administrations intentionally destroyed 700 million worth of it.
On 6 September 1945, the Japanese Ministry of Finance announced that all military yen became void. Overnight the military yen literally became useless pieces of paper to the people of Hong Kong.
Read more about this topic: Japanese Military Yen
Famous quotes containing the words military, yen and/or war:
“In politics, it seems, retreat is honorable if dictated by military considerations and shameful if even suggested for ethical reasons.”
—Mary McCarthy (1912–1989)
“God bless the physician who warms the speculum or holds your hand and looks into your eyes. Perhaps one subtext of the health care debate is a yen to be treated like a whole person, not just an eye, an ear, a nose or a throat. A yen to be human again, on the part of patient and doctor alike.”
—Anna Quindlen (b. 1952)
“... there was the first Balkan war and the second Balkan war and then there was the first world war. It is extraordinary how having done a thing once you have to do it again, there is the pleasure of coincidence and there is the pleasure of repetition, and so there is the second world war, and in between there was the Abyssinian war and the Spanish civil war.”
—Gertrude Stein (1874–1946)