Currency fears
Japanese business leaders fear that pressure for another yen revaluation may soon build up, if the nation’s external reserves continue to increase at the present pace. ■ Business sources said that jfrom this point of view they were urgently seeking ways jof effective utilisation of Japan’s surplus dollars. The Japan Chamber of Commerce and Industry said it had decided to appoint an ad hoc committee to study the question, and make recommendations to the Government. Cone. Inds thriving The net profit of Concrete {lndustries (Monier), Ltd, for the six months to December 31 rose 26.6 per cent to $1,601,000, from a 24.0 per cent increase in sales to $33 million. The interim dividend has been raised from 5 to 5j per cent, hinting at an increase in last year’s total of 10 per cent. The directors expect the second half to be as good as the first, they say, and are looking towards major expansion.
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Bibliographic details
Press, Volume CXII, Issue 32848, 23 February 1972, Page 20
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156Currency fears Press, Volume CXII, Issue 32848, 23 February 1972, Page 20
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