Saionji Kinmochi
Initial public confidence and strong support from Emperor Hirohito and his entourage, including the "genrō" Saionji Kinmochi allowed Hamaguchi to implement fiscal austerity measures, which included ratification of the London Naval Treaty of 1930, which curtailed military spending. However, his measures to help stimulate exports, such as maintaining the Japanese yen on the gold standard, proved disastrous.