Osaka, Nov. 25.
Speaking before an annual meeting of 500 bankers of Western Japan, who were assembled at] Osaka' to-day, Mr. Inouye, Minister} of Finance, reviewed Japan's financial and economic conditions.
Mr. Inouye said that the task of preparing next year's budget was beset with difficulties owing to] diminished revenue, but he proposed avoiding recourse to loans and would secure a balanced budget. by rigid economy in expenditure and an overhaul of the—Government's administrative and fiscal systems.
Surveying economic conditions in Japan, the Minister of Finance] jointed out a number of recent! factors tending to an_ improvement in the stabilisation of prices, both at home and abroad. He instanced the recovery of the security market in Japan and the improvement} in the prices of copper and sugar} abroad, Mr. Inouye emphasized the need for rationalization of industries in Japan and he urged assistance by bankers to that end.
With regard to Japan's international trade, the Minister of Finance said that Japan was well considering the _world-wide depression and in view of restoration of the gold standard by Japan,' because the excess of imports over exports this year was unduly large compared with last year. The export of gold since the lifting of the gold embargo amounted to Y.308,- 000,000 but of this amount a certain portion had been for the purchase of Japanese gold dollar donds.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.