The Archive · 1938

Kobe Foreign Business Leader Optimistic Says Does Not Believe Yen Exchange Will Drop

Kobe, Apr, 17.

Foreigners in Japan wit! do bigger and better business than ever "if have the guts to stick it cut tighten their belts for a bit," Mr, Ernest W. James, Chuirman of ihe Foreign Chamber of Commerce of Kobe and Osaka, declared at a meeting of the organization nere.

Surveying Japan's foreign trade in 1937, he said the prospects for 1938 were "bright."

He said he refused to believe that foreign business men in the Orient were "confronted by the end of all things The business leader declared that under the present regulations he saw no difficulty ahead in maintaining the yen exchange rate. Investment in Japanese Government bonds is a [sound and shrewd policy, he stated.

Domei. rr Canadian Strike Toronto, Out. Apr. 16. The Canadian Seamens Union picketed Canadian waterfronts from Montreal to Fort William today as 2,000 union members obeyed a strike call designed to disrupt Great Lakes shipping which opened officially last night. Twelve shipping companies have. recognized the union.—United Press.

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

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