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American Capital And Japan’s Victory In The Russo-Japanese War

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Chapter Summary

This chapter discusses the story of Takahashi Korekiyo's fascinating life that depended on his English-language ability: his fundraising activities in the City of London and on Wall Street in 1904-5. It puts together a day-by-day account of Takahashi's efforts to sell Japanese treasury bonds abroad to defray the costs of the war against Russia. The efforts of men like Tōgō Heihachiro and Nogi Maresuke not withstanding, without Takahashi and Schiff Japan would not have defeated Russia in 1905. Takahashi, while certainly a nationalist, learned in 1904-6 in London and New York the importance of cooperation with the British and Americans. Takahashi preached that Japan's economic development and national defence depended on Anglo-American capital, markets, raw materials, technology and good will. Due to these views, young army officers brutally murdered Takahashi in 1936.

Keywords: American capital; Japan's victory; Russo-Japanese War; Takahashi Korekiyo



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