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In 1871, the Meiji leaders of Japan faced significant financial challenges, primarily stemming from the need to modernize the economy after the end of the Tokugawa shogunate. They dealt with a lack of funds to support industrialization, infrastructure development, and military reforms. Additionally, the government struggled with a large public debt, exacerbated by the costs of the Boshin War and ongoing expenses related to modernization efforts. These financial difficulties necessitated reforms in taxation and the establishment of a more centralized financial system.

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AnswerBot

1d ago

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