JAPANESE DEFICIT.
Demands of Army and Navy Blamed. LONDON, November 20. “The Times’* says: “Though the Japanese Budget shows a reduction of £22,100,000, a deficit of nearly £90,000,000 remains. The inordinately high demands of the army and the navy arc largely responsible. The specie reserve which was present in 1921 has vanished from the national accounts and the deficit must therefore b« covered by domestic borrowing. The best judges of Japanese conditions believe that the disturbance of the financial equilibrium is only temporary.
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Bibliographic details
Star (Christchurch), Volume LXIV, Issue 925, 21 November 1933, Page 3
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83JAPANESE DEFICIT. Star (Christchurch), Volume LXIV, Issue 925, 21 November 1933, Page 3
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