Takahashi Korekiyo
Takahashi Korekiyo was born on July 27, 1854. See ranking, bio blurb, and everyone else born that day.
About Takahashi Korekiyo
Viscount Takahashi Korekiyo (高橋 是清; 27 July 1854 – 26 February 1936) was a Japanese politician who served as prime minister of Japan from 1921 to 1922 and Minister of Finance when he was assassinated. He was also a member of the House of Peers and head of the Bank of Japan. Takahashi made many contributions to Japan's development during the early 20th century, including introducing its first patent system and securing foreign financing for the Russo-Japanese War. Following the onset of the Great Depression, he introduced controversial financial policies which included abandoning the gold standard, lowering interest rates, and using the Bank of Japan to finance deficit spending by the central government. His decision to cut government spending in 1935 led to unrest within the Japanese military, who assassinated him in February 1936. Takahashi's policies are credited for pulling Japan out of the Depression, but led to soaring inflation following his assassination, as Takahashi's successors became highly reluctant to cut off funding to the government.