JAPAN’S WOOL IMPORTS
Heavy Cut May
Be Made
(Rec. 10 p.m.) TOKYO, June 11. The Japanese Ministry of Trade said today that it would probably have to reduce imports of raw wool substantially in the coming months.
The Ministry said that it had revised its previous decision that no reduction would be made in raw wool imports during the six months ending September. The main reason for the change in policy was the deterioration of the balance of international payments, the Ministry said. Mr Takio Kanai, chief of the cotton and base fibre section of the Ministry of Trade, said in Osaka yesterday that japan would have’ to reduce raw imports during the current financial year bales ll t 0 March) by about 500,000
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Bibliographic details
Press, Volume XCV, Issue 28302, 13 June 1957, Page 13
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124JAPAN’S WOOL IMPORTS Press, Volume XCV, Issue 28302, 13 June 1957, Page 13
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