JAPAN’S DEFICIT
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United Press Association—Rv FJ<? 'trie Telegraph— Copyright. 1
LONDON, November 20,
“The Times” says: “Though theJapanese Budget shows a reduction of 22,1-09 thousand yen, the deficit is nearly ninety million, and remains inordinately high. The demands of the Army and Navy are largely responsible. The Specie Reserve, which was present since- 1921. has vanished ‘■‘mm the rational accounts. The deficit must therefore lie covered by domestic borrowing, hut Idle best judges of Japanese' conditions believe that the disturbance of the financial equilibrium ia only temporary.
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Hokitika Guardian, 21 November 1933, Page 5
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90JAPAN’S DEFICIT Hokitika Guardian, 21 November 1933, Page 5
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