Why didnt Japan go bankrupt during the meiji reformation and changing from gov centralized to private?

Question

During the reformation to the Meiji govenrment, why didnt the govenrment go bankrupt as they were selling their industries and they were not exporting as much as they should have.

Based on the below response, the Japanese government did, with the opening of its borders, start to establish enterprises because they assumed that the private sector would not risk a financial burden. But after several years, these enterprises started to loose the government money. These enterprises were steel, ship production, etc. As such, they sold these enterprises to private entrepreneurs for cheap, while simultaneously producing railroads, and all this time the Japanese government had little to say for taxes as during the Tokugawa period, taxation was based upon rice and was highly variable depending on the season. So my question to elaborate is why didnt the government go bankrupt during the this time, with spending and production high, little savings and no major loans to speak of. ^_^

Answer 1

what do you mean by selling their industries? The meji reformation was primarily a time of developing industries with the help of western governments. Money was a problem for railroad development however.