JAPANESE FINANCE
GOING ON THE MONEY MARKET. TOKIO, March 28.
The Finance Department has decided to float loans totalling 285,000,000 yen during the fiscal year starting April 1. Excluding 79,000,000 yen carried over, the total of the old and new loans thus authorised is 364,000,000 yen. The items include:—Rehabilitation, 200,000,000 yen; economic restoration. 50,000,000; railway rehabilitation, 35,000,000. The old loans falling due are listed for renewal from the proceeds of the recent- New York and London loans. The officials hope to bring about an economic quickening and the restoration of the currency to normal.
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Bibliographic details
Otago Witness, Issue 3655, 1 April 1924, Page 18
Word Count
94JAPANESE FINANCE Otago Witness, Issue 3655, 1 April 1924, Page 18
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