JAPANESE ECONOMIC RECOVERY.

Evening Post, Volume CV, Issue 83, 9 April 1928, Page 12

JAPANESE ECONOMIC RECOVERY.

The extent of the economic recovery of Japan from the banking crisis of April of last year may bo judged from the report ot the Japanese Finance Department for 1927. Of the 30 Japanese banks which (ailed, only 12 had reopened by (lie end of the year. The process of readjustment proved difficult. The banks which reopened had an ngjjrpgata capital of 14,000,000 yen, and liabilities of D7,01)0,000 yen, -while 15 banksivith a capital of 22,000,000 yen and liabilities of 00,000,000 yen remained closed, and one bank with a capital 0f.100,000 yen oucl liabilities of 5,000,000 yeu had gone into liquidation. The remainder of the banks with capital of 147,000,000 yen and liabilities of 511,000,000 yen due to 715,000 depositors, were still in process of readjustment. The number of depositors of all banks -which had been in trouble exceeded one million, and the total of deposits is about 650,000,000 yen, or £05.000,000. The extent of the recovery made and the fact that Japanese trade and industry have survived .such a. crisis arc testimony to the recuperative powers of the nation.