Word: scap
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...Japanese Government, with the approval of the Supreme Commander of the Allied Powers, increased its efforts to check the mounting inflationary trend. To supplement a stiff war-profits tax ordered by SCAP (Supreme Commander of Allied Forces in the Pacific) last fall, the Government has prescribed a set of anti-inflationary measures which one U.S. correspondent dubbed SCAPitalism: 1) restriction of cash incomes to a monthly maximum of 500 yen (about $33 at the present arbitrary rate of exchange); 2) freezing of bank accounts (individuals may not withdraw more than 300 yen a month); 3) collection and distribution of essential...