Due to further outflow of gold and silver and the increasing hoard of them, the Matsukata deflation policy (also known as the Matsukata finance, a financial measure to induce deflation to eliminate inflation generated by raising funds for war cost of the Seinan War) came in.
金銀の流出、および退蔵化がさらに進んだため、松方デフレ政策の登場となる。