MATSUKATA worked on implementation of monetary policy centered on the adjustment of government-issued bills, which was later called the MATSUKATA finance, and after he established the Bank of Japan, he abolished government-issued bills and started to issue the Bank of Japan notes as convertible currency.
松方は後に松方財政と呼ばれる政府発行紙幣の整理を中心とする金融政策の実現に取り組み、日本銀行の設立を経て、政府発行紙幣の全廃と兌換紙幣である日本銀行券の発行を行った。