FALL OF THE YEN
ALARM IN JAPAN KOBE, Nov. 30 The continued rapid descent of the yer: 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 iiso in prices, with consequent unrest in many industries. Manufacturers are eagerly purchasing raw materials, fearing a further decline. The Government is maintaining rigid control of the export of capital, but largo concerns easily evade this by exporting commodities and holding the purchase money abroad. Military expenditure is the main cause of the financial embarrassment.
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New Zealand Herald, Volume LXIX, Issue 21359, 7 December 1932, Page 12
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101FALL OF THE YEN New Zealand Herald, Volume LXIX, Issue 21359, 7 December 1932, Page 12
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