Japanese authorities and businessmen in Shanghai feel "not in the slightest way" any disadvantage from the foreign exchange restrictions promulgated by the Hankow regime yesterday, a Japanese Embassy spokesman said last night.
"However, we do feel sorry for foreign traders who have been adversely affected by this ruling, based upon a prejudiced outlook of the Chinese authorities," he added.
Further comment was, however, withheld by Japanese spokesmen, who said they would have to "wait and see."
Specie reserves in North China, coupled with the support of the Japanese banking consortium, were held by the spokesman to be sufficient to maintain the value of the notes of the Federated Reserve Bank of China.
Text read from the printed page and cleaned; old type leaves the occasional error.