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It recommended: 1. * Balancing the national budget to reduce inflation 2. * More efficient tax collection 3. * Dissolving the Reconstruction Finance Bank because of its uneconomical loans 4. * Decreasing the scope of government intervention 5. * Fixing the exchange rate to 360 yen to one US dollar to keep Japanese export prices low

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  • Dodge Line
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  • It recommended: 1. * Balancing the national budget to reduce inflation 2. * More efficient tax collection 3. * Dissolving the Reconstruction Finance Bank because of its uneconomical loans 4. * Decreasing the scope of government intervention 5. * Fixing the exchange rate to 360 yen to one US dollar to keep Japanese export prices low
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abstract
  • It recommended: 1. * Balancing the national budget to reduce inflation 2. * More efficient tax collection 3. * Dissolving the Reconstruction Finance Bank because of its uneconomical loans 4. * Decreasing the scope of government intervention 5. * Fixing the exchange rate to 360 yen to one US dollar to keep Japanese export prices low Dodge had the Reconstruction finance bank, which was a major conductor of inflation-financed subsidies, shut down. He took important steps to restore Japan's foreign trade to private hands. The terms of all transactions were determined at the unchanging official exchange rate of 1$ = 360 yen.
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