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Tag Archives: Showa Financial Crisis (1927)

Giichi Tanaka and the Hardline Turn

From 1927-1929, Imperial Army-officer-turned-politician Giichi Tanaka attempted to guide Japan with a firm hand, aiming to crush radicalism at home and to use the iron fist in China. This hardline turn was resisted on many fronts, but the biggest problem emerged from the Army itself, which was slipping away from political control.

Reijiro Wakatsuki and the Showa Financial Crisis

From 1926-1927, Reijiro Wakatsuki led Japan’s ruling party, but his tendency to shy away from confrontations helped put him in a weaker position than his predecessor. As the new Emperor Hirohito began his reign, a careless comment by the finance minister triggered a run on banks.