JAPAN'S FINANCIAL CRISIS
SITUATION WELL IN HAND. New york, May 23. Tokio financiers are convinced, that the financial situation in Japan is well in hand. The Bank of Japan has advanced forty million yen to a syndicate of banks which is aiding traders. The recent reaction is 6aid to be duo to the , abnormal war-time prosperity and over-production, the creation of war-time concerns in which large investments were made, and the decline of exports. The Yokohama silk and cotton yarn markets are weaker, and the metal and rubber, markets are stagnant. The cost of living has advanced sharply. Most lines of manufacture aro virtually paralysed, owing to the tight money market. Ten small banks in Osaka suspended payment- until the larger banks oa.me to the rescue.—Aus.-N.Z. Cable Assn.
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Dominion, Volume 13, Issue 205, 25 May 1920, Page 7
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128JAPAN'S FINANCIAL CRISIS Dominion, Volume 13, Issue 205, 25 May 1920, Page 7
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