The Archive · 1939

S. America Slump

Imports from Latin States — Jump Notably

Tokyo, July 28.

Japanese exports to South America continued to decline sharply during the first half of 1939, dropping 35 per cent. below the first half of last year, the Finance Ministry disclosed here' yesterday.

During the same period Japan's imports from Latin America increased 56 per cent., further upsetting Japan's balance of foreign trade, the Finance Ministry figures revealed.

The Finance Ministry described the decrease in exports as "part of a general decline" while the increase in imports was labelled a "partial recovery."

During the first half of 1937 Japanese exports to South America amounted to approximately Y.38,000,- 000. In the first half of last year this figure dropped to Y.35,800,000. For the first half of 1939 exports to South America amounted to only Y33300000. Import figures for the same periods were Y.73,900000 in 1937, only Y.28500,000 in 1938, and Y44400,000 in 1939.—United Press Chungking, July 28.

Mr. Jawaharlal Nehru, the Indian nationalist leader, it is reliably learned, is expected to arrive in Chungking in the middle of August Various Chinese public bodies are making preparations to give Mr. Nehru a very elaborate welcome. A special Committee has been organized, comprising representatives of various public bodies.

The committee has already established an office in Chungking, and is making plans for the reception.

The first plenary meeting of the committee will be held on July 31.

Reuter.

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

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