Eaposition of Policy by the Minister of Finance Tokyo, Apr. 12.
Addressing a gathering of leading bankers and financiers here this afternoon, the Minister of Finan Mr, Mitstehi, said that the Gow ment, while recognizing the desi ublity of lifting the embargo on the free export of gold at the uirliest opportunity, had not chang-al its policy in that matter as it considered that conditions, as-yet, dk not warrant such action.
Outlining the progress of the readjustment of the financial position since the panic in 1927, the Finance Minister expressed satisfaction that the position of the Leinks had almost been restored to Though, yen exchange is down, id Mr, Mitsuchi, he felt conti that a betterment was in sight. expressed the opinion that Japanese capital, which at present is flowing: abroad for investment, will ultima-rely act as a fundamental factor in vestering yen exchange while the settlement of the Tsinan Incident with China should likewise ass! fin bettering trade, The President of the Bank of Japan, Mr. Hijikata, who followed, urged the bankers of Japan to do everything possible to bring about the necessary conditions "a enable the goldsban to be removed
Text read from the printed page and cleaned; old type leaves the occasional error.