First Sino-Japanese War
Treaty of Shimonoseki

The Treaty of Shimonoseki was signed on 17 April 1895. China recognized the total independence of Korea and ceded the Liaodong Peninsula, Taiwan, and the Penghu Islands to Japan "in perpetuity". The disputed islands known as "Senkaku/Diaoyu" islands were not named by this treaty, but Japan annexed these uninhabited islands to Okinawa Prefecture in 1895. Japan asserts this move was taken independently of the treaty ending the war, and China asserts that they were implied as part of the cession of Taiwan.

Additionally, China was to pay Japan 200 million taels (8,000,000 kg/17,600,000 lb) of silver as war reparations. The Qing government also signed a commercial treaty permitting Japanese ships to operate on the Yangtze River, to operate manufacturing factories in treaty ports and to open four more ports to foreign trade. Russia, Germany and France in a few days made the Triple Intervention, however, and forced Japan to give up the Liaodong Peninsula in exchange for another 30 million taels of silver (equivalent to about 450 million yen).

After the war, the Qing government paid 200 million Kuping taels, or 311,072,865 yen, making the war a net profit for Japan, as their war fund was only 250,000,000 yen.
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