FALL OF THE YEN
ALARM IN JAPAN KOBE, December 2 The continued rapid_ descent of the ' yen is increasing public. alarm. ,It is now under 20 cents, which hitherto was regarded as the lowest possible rate, of exchange. ’ There is a general fear of a rapid rise in. many industries. Manufacturers are eagerly purchasing, raw; materials, fearing a- further decline. _ ’ The Government is maintaining rigid control 6f the export of capital, but large concerns easily evade this ,by exporting, pommodities and holding the purchase money abroad. Military expenditure is the main cause of the financial embarrassment,
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Bibliographic details
Evening Star, Issue 21285, 14 December 1932, Page 1
Word Count
96FALL OF THE YEN Evening Star, Issue 21285, 14 December 1932, Page 1
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