Establishment of the Bank of Taiwan

The Bank of Taiwan was established under the Japanese colonial government, with its headquarters located in Taihoku, now known as Taipei. This institution was pivotal in shaping the economic landscape of Taiwan during the colonial era. The establishment of the bank was part of broader efforts by Japan to develop Taiwan's economy, which included the introduction of modern banking practices and financial systems. The bank facilitated various economic activities, including the financing of infrastructure projects such as the Taiwan rail system, which connected different regions of the island and supported trade and transportation. Additionally, the bank played a significant role in promoting local industries, including textiles and paper, which were essential for achieving self-sufficiency in the region. By providing financial services and capital, the Bank of Taiwan contributed to the modernization of Taiwan's economy and laid the groundwork for future economic development after the colonial period.