Japan move to gain dollars
i \ 7. P A. neuter—Copyright TOKYO. The Japanese Ministry of I Finance has announced a series of measures to encourage the inflow of United States dollars and to stem their outflow, because of a marked deterioration in Japan’s balance of payments. The measures are also designed to restore the strength of the yen. which has been weakening on the Tokyo foreign exchange market in recent weeks. Advance payments for Japanese exports will be permitted up to SUS 100,000 for each case, effective from January 7. The Ministry will also permit some increases in “impact loans” (loans not linked to specific imports) to Japanese banks from foreign banks. The percentage of Government finance under the' foreign exchange loan system will be reduced from 90 per cent to 50 per cent.
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Press, Volume CXIV, Issue 33427, 8 January 1974, Page 7
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134Japan move to gain dollars Press, Volume CXIV, Issue 33427, 8 January 1974, Page 7
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