MANCHURIAN GAMBLE
JAPA2* FACES CRISIS
POLICY CARRIED TOO FAR
LONDON, September 25,
The "Daily Herald" says Japan is facing financial and economic bankruptcy as a direct result of the huge sums for .financing her operations in Manchuria, where she has staked everything on a gamble, and all the indications are that she will lose.
Japan has carried her policy of depreciation too far. There is a growing demand all over the world for governmental action to prohibit the importation of cheapjapanese goods; if action is taken it will force Japan into bankruptcy. She is faced with a Budget deficit of approximately £100,000,000 at par. Only 55 per cent, of her Budget requirements can be met out of normal revenue, yet the military party is pressing for additional expenditure.
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Bibliographic details
Evening Post, Volume CXVI, Issue 75, 26 September 1933, Page 7
Word Count
128MANCHURIAN GAMBLE Evening Post, Volume CXVI, Issue 75, 26 September 1933, Page 7
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