在近代日本對我國東北的殖民滲透和經濟侵略過程中,伴隨著貨幣和金融的爭奪與對抗。自日本殖民勢力進入東北以來,存在金銀貨幣本位制度的矛盾。采用何種貨幣本位問題,在日本不同集團之間始終存在爭論和對立,導致日本政府長期對東北貨幣政策搖擺不定。日俄戰爭后,日本最初計劃以橫濱正金銀行銀票爭奪東北幣制主導權,但卻受到關東都督府與滿鐵的抵制,后逐漸轉變為以朝鮮銀行金票推行金本位貨幣的策略,并試圖在大連交易所強行推行,但同樣未取得成功。偽滿洲國建立前后,貨幣本位之爭再起,銀本位依舊占據上風,偽滿洲中央銀行券仍是以白銀為基礎的不兌現紙幣。直到《日滿匯兌等價協議》簽訂,"滿銀券"正式脫離銀本位基礎,被納入日圓貨幣體系。全面抗戰爆發后,"聯銀券"、"蒙疆券"、"中儲券"等偽幣接踵而至,則是日圓侵凌我國金融體系的進一步延續。

Japan’s prewar colonial penetration and economic aggression in northeast China was accompanied by monetary and financial struggles and rivalry.From the time when the Japanese colonial forces entered the Northeast,currency policy was torn between adoption of the gold or the silver standard.The perennial disputes and confrontation among Japanese cliques on this issue meant that the Japanese government hesitated over the Northeast currency policy for a long time.After the Russo-Japanese War,Japan had initially planned to use the Yokohama Specie Bank’s silver-backed notes to gain a dominant position in Northeast currency,but this was resisted by the Kanto Government and the Manchurian Railway Company.Japan’s strategy then changed to promoting the gold standard through the Bank of Korea’s gold-backed note issue,which it tried to impose on the Dalian Exchange,but this policy also failed.When,around the time of the establishment of the puppet Manchukuo regime,the dispute on the currency standard was revived,the silver standard retained the upper hand.The paper currency of the puppet Manchukuo Central Bank was still silver-based and unredeemable.It was only after the signing of the Japan-Manchukuo Exchange Equivalence Agreement that the bank’s note issue formally abandoned the silver standard and was incorporated into the yen monetary system.With the outbreak of the total war of Japanese aggression against China,a series of puppet government-issued"Lianyin notes,""Mengjiang notes"and"Central Reserve Bank notes"came out in rapid succession,in yet another instance of the Japanese yen’s riding roughshod over China’s financial system.