Okuma was replaced as Okura-kyo by Masayoshi MATSUKATA, who had been ousted from his post as Okuranotaifu (administrative vice finance minister) and turned Naimukyo (minister of interior) because he had been at odds with Okuma over the policies for adjusting paper money.
代わってかつて大隈と紙幣整理の方策を巡って争ったために大蔵大輔の座を追われて内務卿に転じていた松方正義が大蔵卿に任命された。