Prime Minister 1891-1892 and 1896-1898.
Cabinet List Matsukata cabinet 1
Cabinet List Matsukata cabinet 2
Total Tenure in Office: 943 days.
Born in Kagoshima (Satsuma
clansman, Matsukata Masayoshi was a leading figure in the modernization
of Japan, particularly in regard to financial policies. Matsukata became
minister of finance in 1881, at a time when the Japanese economy was in
critical inflationary trouble. The deflationary measures he undertook were
a daring and successful experiment. They established confidence in the
currency and financial institutions, thus creating the conditions under
which modern economic growth could begin. When the cabinet system was created
in 1885, Matsukata continued as finance minister and served in 7 out of
the first 10 cabinets, occupying this critically important position for
18 out of 20 years between 1881 and 1901.
As prime minister (1891-92) he dissolved the diet but lost the subsequent
election. He became prime minister again (1896-97), was keeper of the privy
seal (1917-22) and an influential genro (elder statesman) in the last years
of his life. In 1905 he was promoted from count to marquis and in 1922
he was given the highest noble rank, prince. He served from 1903 to 1912
as president of the International Red Cross of Japan.
Matsukata Masayoshi (1835-1924）