Economy of Manchukuo
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This article looks at the economies of Manchukuo and Mengjiang, in the period 1931-1945. The effective Japanese annexation of 1931 led to a colonial system (see Manchukuo (administration)). Japan invested in heavy industry, and to a lesser extent, agriculture.
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The General Affairs State Council retained Japanese control of official economic policy. The Central Bank of Manchou was the national central bank. The Kwantung Army held the highest authority, representing the Emperor of Japan, and the respective ministries of the nominal Manchoukou central government were also involved.