yen

Passing by those clauses of it which demand no notice, we arrive at that which provides that "each proposal (for purchase) must state the price per picul of rice in gold yen." But why in gold yen, a coin as yet so scarce as to be almost beyond the ken of the foreign merchant?

When banks lend, they create money out of nothing, without withdrawing it from other parts of the economy. This way, fiscal policy would not have crowded out private-sector activity yen by yen, as actually happened.