The Dodge Line was a financial and monetary contraction policy drafted by Joseph Dodge for Japan to gain economic independence after World War II. It was announced on March 7, 1949.
Balancing the national budget to reduce inflation
More efficient tax collection
Dissolving the Reconstruction Finance Bank because of its uneconomical loans
Decreasing the scope of government intervention
Fixing the exchange rate to 360 yen to one US dollar to keep Japanese export prices low
Dodge had the Reconstruction finance bank, which was a major conductor of inflation-financed subsidies, shut down. He took important steps to restore Japan's foreign trade to private hands. The terms of all transactions were determined at the unchanging official exchange rate of 1$ = 360 yen.
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