Question

What two things helped prevent Japan from sliding into the Great Depression along with so many other nations? Select all that apply.
deficit spending
raised tariffs
devalued currency
lowered tariffs

Answer 1

I put devalued currency and lowered tariffs

Answer 2

Answer: c. devalued currency

              d. lowered tariffs

To prevent Japan from sliding into the Great Depression Korekiyo Takahashi, a  veteran Finance Minister who resumed office in December 1931 initiated a series of  macroeconomic stimulus measures with the objective of revamping the ailing Japanese economy. The Japanese economic greatly depended on the exportation of its goods to finance its internal projects, importation of raw materiais and essential fuels. The depression was worldwide and so exports such as expensive Japanese silks fell by half thereby inhibiting the Japanese economy.

Takahashi there for concluded that  measures had to be taken to ensure  easier exchange rate conditions, better fiscal policies by lowering tariffs and monetary policies by devaluing the currency to attract investors was a way out.