The Archive · 1927

JAPAN'S BANKING

SYSTEM

In view of the financial er which was experienced in Japan I spring, the Department of Finance reported to have decided to send ina bill for the reform of the Bank of Japan to the monetary circulation " investigation committee, in order to effect a fundamental reform of the conversion system of Paper money.

The bill to be drafted by the Do-portment, it is further reported, will comprise' the stipulation of the federal reserve bank system of the United States and aims at "giving the Bank of Japan a further influence as a central bank.

This is one of the great tasks for the Government and Mr, Mitsuchi, the Finance Minister, is apparently courageous enough to carry through his plan during his stay. in the Ministry—Toho, Osaxa, Nov. 5:—The strike at the Toyo Cotton Spinning mills here, in which 400 men and women were involved, was settled to-day, the strikers withdrawing their demands and promising to resum work tomorrow. On the other hand the company promises improvement in Hehe "conditions of employment Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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