CRISIS IN JAPAN
PROTRACTED DEPRESSION CAUSED. (Rec. May 7, 5.5 p.m.) Tokio, May (i. Owin!f to the financial crisis, leading wholesalers dealing in cotton and silk goods are reducing prices by 50 per cent, and weaving firm's are suspending work in order to curtail production and prevent a further fall in nrices.. A few weaving firms are permanently closiu?. 'Die crisis was followed by protracted depression. Japan must for the . first time face serious unemployment, wlr.ch aggravates tho labour unrest—Reuter. ■ (Rec. May 7, 11.35 p.m.) Tokio, May 6. Dry goods houses at Osaka and Kyoto are reducing prices by 50 per cent, m order to liquidate, their stocks. Many reports from weaving cyntres announce a ensptnsion of work and serious curtailment of production in order to keep prices stable.-Aus.-N.Z. Cable Assn.
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Dominion, Volume 13, Issue 191, 8 May 1920, Page 6
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131CRISIS IN JAPAN Dominion, Volume 13, Issue 191, 8 May 1920, Page 6
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