BANK FAILURES IN JAPAN.
SEQUEL TO EARTHQUAKE LOSSES. (Received Thursday, 7 p.m.). TOKIO, March. 16. Two bank failures at Tokio, with total deposits of forty million yen, have caused considerable nervousness. The largest is the Watanabe Bank, which attributes a disastrous run to the Finance Minister’s premature disclosure of the bank’s predicament during the Budget discussion on the Government’s relief for banks holding 1923 earthquake bills amounting to two million yen.—(A. and N.Z.).
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Wairarapa Age, 18 March 1927, Page 5
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73BANK FAILURES IN JAPAN. Wairarapa Age, 18 March 1927, Page 5
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