Profits Accruing to Be Used to Bolster Yen Rate Tokyo, July 28.
Revaluation of the gold reserve of the Bank of Japan and the creation of an exchange adjustment fund account are understood to be covered by the two new bills' which the Minister of Finance. Mr, 0. Kaya, Introducing at the special' session of the, Diet.
At present revaluation will take Place at the ratio of 200 milligrams of Gne gold for Y. 1 against 750 milligrams formerly, "which is the guivalent of Y- 12801 againat momme. Revaluation profit Thus obtainebie is estimated to 30" proximate ¥. 800,000,000.
The Department of Commerce and Industry has completed a dye-year plan for the increase of gold production In the whole of Japan, bring-Ing the total output for 1942 to. 135 tons as against 50 tons as at present, Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.