The Archive · 1937

Big Raw Material Imports

Row material Imports for 1997 were £315,345,000, compared with £247,941,000 for the previous year, Manufactured imports stood £274,895,000, an advance of £6207 on 1936, Tokyo, Jan. 10.

Ostensibly the Yen' thas" been stabilized, with the rate pegged at 1s, 2d. in terms of the £ Sterling but, ju the opinion of experts, the fact "that the market has "been stabilized is clear evidence of an aggravation of the situation, 'The market, it is stated, is simply' being controlled by the Japanese Govern: ment, Last January the Government introduced the Import Exchange Permit System requiring permits for remit= tanees or covers exceeding ¥.30,000. Shortly after the outbreak of the China affair this Umit was cut down ¥.1,000, The limit was again lowered fo ¥.100 last December, In introducing the Import Exchange Permit System at the beginning of 1037, the then Finance Minister, intended to put an end to the speculative imports which had been stimu lated by the publication of Japan's big budget and the consequent me grease in imports. Sales by the Yokohama Specie Bank at the end of 1936 exceeded ¥.800,000,000, Despite enforcement of the permit system, Imports mounted in proporlon to the advance in commodity prices, and the Government was obliged to make larger gold. shipments than originally anticipated, 'Manufnctured exports were £404,- 839,000, compared with £840,778,000 for' 1956.

Raw materials and unmanufactured exports totalled £64,052,000, compared with £51,307,000 to previous year.

'Beports of bu lon specie, "which were' "not included, in the. ride Igures, were #25 2000, compared teh 1040900, white pons Were 23190700" compared "with Eaotasaand in 19, Wialoiale pricer for 1897 jumped 25% 18.1 over 1030—the largest movement. in seven yeura—eter.

The Board of Trade "index wholesale prices for the wholo"yeat {oo was higher by 184 "per" gent than In 3006, following rises of 28 per cent. between 193) an 183 he following year, ent. between 1608 1090~-Wireless through Meuer,

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

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