The Archive · 1929

Japan's Plutocrats

Japan has 17 millionaires, according to reports made to the tax bureau. Baron H. Mitsui, chief of, the princely business hous of the Mitsuis, heads the list with Y.

Agriculture, hhowvor, does not pay in Japan to-ahd the papers declare that, if agriculture, which is yet" the Backbone of the country, is to be made attractive to young people, "the Government should undertake to-make such a calling profitable, The Minister to China Much is expected in Japan of Mr. "Sadao Saburi, the—newly-appointed Japanese Minister to China, who is to leave for his new post about the middle of this: month. Mr. Saburi is regarded as 'Very popular amongst intellectual Chinese and a marked development for the better in the relations between Japan and China is expected during his tenure of office. Mr. Chang Chi, the envoy of the Nan-King Government now' in Japan, with ¥. 2,042,000. comes third with Y. 1,476,000. Six of the nine wealthiest men of Japan belong to the Mitsui family and the other three to the Iwasaki Another interesting fea-that. the prevailing business depression has had no effect on the incomes of these millionaires, their earnings having increased' over those of last year.

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

Your account