The Archive · 1938

Cabinet Crisis

Seriousness of Economic

Situation is Especially Stressed by Big Journal Tokyo, Apr. 10.

The Home, Justice, Education and other Ministers were feverishly active yesterday prevailing upon the Premier, Prince Konoye, to continue at the helm in order to tide the country over the storm which now looms on the political horizon, states the "Asahi Shimun" today.

The "Yomiuri Shimbun" declares that the. present Cabinet "lacks vitality and must bestir itsd? to display greater determination in carrying out its policies'

Commenting on further widespread declines on the stock market, the financial newspaper "Chugai Shogyo," says that the depression has been caused by bad economic factors, "The country's economic situation is really serious....," the newspaper declares, "and trading is expected to continue depressed for the time being."

Stressing the tenseness of the situation in political circles, the Japanese press is full of speculations on reasons for the frequent consultation among Cabinet members yesterday.

Rumours in this connection say that Prince Konoye is contemplating his resignation because of continued indisposition. Quarters close to the Prime Minister, however, deny such a possibility, declaring that he cannot at present be replaced,

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

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