JAPAN TO-DAY

New Zealand Times, Volume XLVI, Issue 10669, 16 August 1920, Page 6

JAPAN TO-DAY

AFTEB YEARS OF WAR -CHANGED FINANCIAL AND ECONOMIC SITUATION. August 16, 12.5 a.m.) TOKIO, .August 14. "* M. Inouye, governaor ot ilia Bank '■pi Japan, on being interviewed, said ■'that the five years' war had witnessed a groat change in the financial and economic situation of Japan; primarily in the remarkable development of nor commerce. The increase m "her specie revives resulted in an- ex**p:uisioii of bank notes' circulatcou, "winch naturally 'contributed to the enhancement of industrial business activities. Imports and exports had increased to three times wnat they were bcioro-tho war. but foreign commerce in the near future would probably snow a decrease in imports and exports, although imports would still continue -high- and pcs*:bly wil exceed, the ex•ports for soma years. Japan's merchant marine toitnaee was 3,000,000. The preponderance of imports over ex—parts in the, near future constituted a -menace ..to .Japan. . "Our pre-war foreign investments' were negligible," ho said. "They now total about 2,200,000,000 yen. It is, therefore, inconceivable that Japanese .business men ""will be 'faced with the necessity of raising money to meet the unfavourable balance of trade, or that our specie reserves will suffer too heavy a dratn. Japan's currency system will be quite as stable- as ever." MASS MEETING OF CITIZENS. (Received August 16, 1 a.m.) TOKIO. August 16'. Japan is expected to soon call a na--tional mass meeting: of its citzens to -obtain their views on foreign affairs owing to the increasing gravity of the international situation. The Japanese Press conshlers that the Chinese Cabinet is decidedly pro-Amexican and anti-Japaneso in sentiment.