A General Reduction: Due to to Political Reasons?.
Tokyo, Oct. 2.
The Bank of Jgpan has announce its intention to lower interest rates from October 4 owing to a general decline in demands for capital ani general reduction the volume jof convertible notes issued.
Reduction Believed Due to Political Reasons Oct. 4.
The general opinion is that the reduction of the Bank of Japan's discount rates is due to political and rot economic reasons, Owing to the probability of General Election early next year the Government. is anxiously striving for popularity. Consequently, business men who know the state of affairs are increasingly critical financial policy whereby money tight and business hindered.
Apparently the Go endeavouring to popularize itself by such means es the discount rate reduction.
'The opinion is expressed in some quarters that the next move will be the lifting of the gold ban, though this will probably' not be done just yet.
Considerable Improvement on
Text read from the printed page and cleaned; old type leaves the occasional error.