Thus, financial stability was achieved, and then Matsukata had the Bank of Japan issue convertible paper money on May 9, 1885, which replaced the government-issued paper money and the paper money issued by the national bank starting in the following year.
こうして金融が安定すると、松方は1885年5月9日に日本銀行より兌換紙幣を発行させて、翌年より政府発行紙幣・国立銀行発行紙幣との交換が行われた。