The Archive · 1922

Japanese Bank Troubles

Depression and Want of Cash

Tokio, Dec. 15.

Owing to the approach of the final settlements for 1922, following a year of depression, a number of the smaller banks in Osaka, Tokio, Fukuoka and other centres have recently been hard pushed for cash against abnormal withdrawals. The situation has been brought to a climax by requests for assistance from larger institutions.

A nieeting of representatives of the banks was held in Tokio to-day. The Bank of Japan, the Yokohama Specie Bank, the Mitsui Bank, the Fifteenth Bank, the Mitsubishi Bank, the Dail' chi Bank and others were represented. A resolution was pi to take precautionary measures against the spread of false rumours and to advise caution and conservation, but, should eonditions among the smaller institutions become worse, this consortium

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

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