RAW https://ncode.syosetu.com/n4960en/
[Today I met a crook in a little girl's skin]
Excerpt from Daruma Journal By Takahashi Korekiyo
70 millions subjects of the Empire of Japan, do you all get along?
I am, as a well-known Commander-in-chief serving under Her Royal Princess Fujimiya Sakurako, greet everyone of her subjects.
Although we can't predict the recent international situation due to the economy blockage by the major great powers of the world which make our foreign trades came into stagnation, please do not be concerned.
Within Japan resides His Majesty The Emperor, the incarnation of God. His Majesty performs the Imperial Court Ceremony which have been passed down since ancient times in the hope of the well-being of the empire and his subjects every day.
The Empire of Japan which is protected by 8 millions God's is forever indestructible!
However, if each of you imperial subjects is thinking of the country, your families, and neighbors, our empire can become an even stronger nation.
Then please, every Imperial's subjects, together let us pray for the prosperity of our empire.
[Glory to the empire-! Glory to the empire-!]
Un. Rather than being a strong nation, it feels like it becomes a nation of lunatics instead.
To begin with, if the value holds by a futuristic person like me being viewed from the eye of the people of this era, it's already half mad, somewhat, but it might not be late to add a totalitarianism-like component.
I missed the self-indulgence daily life of 21st century peaceful Japan....
August 1935 Chichibu-no-miya Residence, Akasaka Imperial Territory
"Do you want to print more banknotes and distribute them to the citizen?"
"Yes, that's true. A great scholar said that if you distribute the money to the subjects, the money would spread in the country and the economy would become more active ''
Anyway, I think that it is not necessary to issue the banknote linked to the holding amount of gold because the banknote of the empire is a fiat banknote.
Although, I don't think it's a faux gold-standard system because no less than five folds of the banknotes which could be converted in the previous gold-standard system was issued.
If everyone was trying to exchange to paper money and gold simultaneously, it can't be done, can it?
Finance and economy are such mysterious things, aren't they.
Well, half of them might be fraud.
"Mumumu..." *Ruminating*
What is the mumumu for! What for!
If I don't refer myself with "Watashi" or "Sakurako", Otou-sama and Okaa-sama would scold me. At the time when I accidentally said "Ore", Okaa-sama had fainted as if she were dead. Right before my eyes, un.
It seems because it was so shocking, mother might collapse again, so from then on I put a stop to refering myself with "Ore". Ohoho.
Therefore, even in my head I must train to refer to myself with "Watashi", if I didn't make it into a habit, it's not unlikely that I would unintentionally let out "Ore" from my mouth.
No, what was I saying,
There's a personage who looks like a daruma right before my eyes.
And the name is,
Takahashi Korekiyo. Former Prime Minister and the current Minister of Finance. How many times did he being inaugurated as Minister of Finance anyway?
This personage is the spitting image of a daruma-san, what a charming ojii-chan he is.
If that's the case, I think I could understand why Takahashi Korekiyo's nickname became Daruma-san.
Naturally, this Daruma-san need to be given an escort too. It's too regrettable to let a capable personnel like him to die in 2/26 Incident.
After all, this Daruma-san is already quite old and it's no wonder if he died suddenly, but he needs to live for another 5 years or it would be a problem if Japan isn't being Great Empire of Japan.
I won't let him die on 2/26 Incident.
Thereupon today, I invited Takahashi Korekiyo-san who happened to be in the neighborhood to drink tea with me.
There's no way I wouldn't take advantage of this chance to meet him when he practically live just across Aoyama street!
Wearing the mask of a young girl who was brewing tea, I was planning to talk about Japan's economy and finance.
Shall I call it Economic Inquiry Convention ala Sakurako-chan?
"If you give 1 yen per capita every month for the sake of giving annuity, the total would be 70,000,000 yen per month. In a year there would be 8,400,000,000 yen circulating domestically, wouldn't it?"
"But we don't have that much amount of fund"
"That's why, we have to distribute the printed money. When their income increase, the tax revenue also increase, and the result of that would be our country's budget also increase, wouldn't it?"
"I see. you mean that it is impossible to decide which of two things caused the other one..."
"I myself isn't well-informed of it. But, if you add more to the money that the subjects possessed, then it would be easier to issue government bonds"
"U--mu..."
I don't know what would happen if the country couldn't pay back the debt from issuing too many government bonds and it turns into a stupid situation where the government just go [I am sorry, tehepero 😜🌟]
Would a hyperinflation going to happen just like it did to Weimar Germany and Zimbabwe after World War I?
However in future Japan, the deficit-covering bonds and municipal bonds that kept being issued kept piling up and up, and there was also the citizens' 10 millions yen per capita which turned into a liabilities for the country and local government, but it might be okay because it made financing and business revolving. For the details, I have no idea.
"If the country were to loan from its subjects instead of from a foreign country, for example if the country became default on debt it could still get even"
"Umumu..."
"That, or there is another way where we could gradually increase the inflation to diminish the debt's value"
"I see........"
Oh? It seems even Daruma-san caught on to this sense of cheating.
I don't know if this policy can actually works.
But, because the future Japan also underwent a similar policy, I think it would be okay.
Although it's just a maybe.
"I know! How about we named this policy Law of Cycles because the money yen is turning round and round in circle!"
"I see...Law of Cycles, is it. No, Fujimiya-sama is knowledgeable despite being young, isn't she"
"Ehehehe. Is that so?"
Well, the soul inside the body is an adult after all.
But then again, I don't even know the correct meaning of Enkan no Kotowari (Law of Cycles) or where it even from!
"Incidentally, Fujimiya-sama"
"Nn, what is it?"
"I was wondering who, the great scholar who imparted such wisdom towards Fujimiya-sama, is?"
Oh crap!
Sakurako-chan is in a pinch! How should I deceive him?
I know!
If I use a local person to confuse with someone else instead of using a person from Tokyō, will it work?
"E, err, if I am not mistaken, I feel that because the person was talking in Kyōto dialect, perhaps, the scholar was from Kyōto"
"I see. It was the lots from Kyōto School, wasn't it..."
Eh? Are you okay being deceived by such a vague lie? Is that really okay?
Fuh, Daruma-san is unexpectedly simple!
Nevertheless, it's not easy being a little girl.
Wish I have the talent to be a genius child actor...
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