AFFAIRS IN JAPAN.

Taranaki Daily News, 14 November 1921, Page 5

AFFAIRS IN JAPAN.

PROBLEM OF FINANCE. THE NEW PREMIER. THE NAVAL QUESTION.By Telegraph.—Press Assn.—Copyright. Received Nov. 13, 11.5 p.m. New York, Nov. 12. The Philadelphia Ledger’s Tokio corn* spondent states that the Finance Minister (Baron Takahashi), informing the Cabinet of the outlines of the next Budget, announced the reduction of 200,000,000 yen from departmental estimates, and 100,000,000 yen less than the current Budget. Baron Takahashi, in a statement, however, said the eight-eight naval programme Was not interfered with. The correspondent adds that in view ofl authentic newspaper reports that while th®) Navy asked for 479,000,000 it is only receiving 408,000,000 yen, it is evident that) the eight-eight programme will be completed with reserve funds. Baron Taka-< hashi, answering . bitter criticism, said iti would be impossible to secure revenue to increase the Budget, and he? expected a further decline the year aftett next.

Received Nov. 13, 11.5 p.m. Tokio, Nov. 12. Baron Takahashi has been appointee! Premier of Japan. The appointment isi considered a victory for the Liberal eleJ ment. Jt is a concession to popular by the militarists. Baron Takahashi be-t heves he can strengthen Japan’s by making China and Japan friends »