Satsuma Rebellion
Financially, crushing the Satsuma Rebellion cost the government a total of (£8,400,000), forcing Japan off the gold standard and causing the government to print paper currency. Economic effects of the Satsuma Rebellion resulted in the passing of the Act of February 4, 1877, which reduced the land tax from 3% to 2.5%. The Rebellion reduced Japan's yearly expenditure from £13,700,000 to £10,250,000, and it raised Japan's national debt from £28,000,000 to £70,000,000.