The Archive · 1937

Special Laws Sought at Diet Session

Tokyo, Aug. 21 'Japanese bankers yesterday decided fo maintain the Tokyo-London cross, rate at Is. 24, with the exchange rates for other' currencies being termined individually by exchange banks, Foreign banks in Japan will be requested by the Yokohama Specie Bank to adhere to this. No penalties for the violation of the agreement were provided, moral suasion being considered sufficient. The meeting was called at the instance of Mr. Toyotaro Yuki, Governor of the Bank of Japan,

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

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