Ominous Warnings Of Japan's Financial Condition
— * • Received 10 a.m.) LONDON., January 6. r rHE TOKIO CORRESPONDENT OF THE “DAILY TELEGRAPH” SAYS 1 OMINOUS WARNINGS OF JAPAN’S FINANCIAL CONDITIONS ARE BEING SOUNDED BY JAPANESE BUSINESS MEN AND FINANCIERS. The most striking of these is by Mr Masanao Kobayashi, president of the Tokio Electric Light Company, one of the most powerful men in Japan’s financial and industrial world. Mr Kobayashi says the Government seems to think it can mobolise and distribute national bonds and so stabilise the national finance, but confidence is even more important. He fears this is threatened in Japan. He believes the Government will have difficulty in disposing of its proposed bond issues before March 31. He says the stock market, so far, has failed to reflect the war boom. This is because Japan’s finau cial circles have not enough confidence in the Finance Ministry, says Mr Kobayashi. “Even n child knows that adjust ment of the international balance is an essential factor in maintaining Japan’s financial stability.”
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Northern Advocate, 7 January 1938, Page 5
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169Ominous Warnings Of Japan's Financial Condition Northern Advocate, 7 January 1938, Page 5
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