Japan's ill-fated experiment with money doctoring

In the 1910s, U.S. economists such as Edwin Kemmerer preached the virtues of a stable currency to Mexico and Guatemala; more recently, Greece has received plenty of advice from the International Monetary Fund. But there have been other, less well-known instances of money doctoring that have served an overtly nationalist agenda. This was the case with Japan from 1895 to 1937, when the emerging power used money doctoring to check U.S. influence in the Pacific. (Bloomberg)