The Archive · 1939

Polley Explained

Tokyo, Mar. 1.

Japan's currency policy towards Central and South China was revealed during a taxation debate in the Diet yesterday. In replying to an interpellation, a spokesman of the China Affairs Board said that it would be difficult to include Central and South China in the yen bloc. in view fof the "current position of the so-falled national currency of the Kuomintang Government."

The Government, however, he continued, was considering the matter with @ view gradually to incorporate ing Central and South China in the yen bloc.

'The Finance Minister, Mr. Sotaro Ushiwatari, admitted' the "necessity" of placing Central and South Chino outside the yen bloc to some extent consideration of the trade with those" parts of China which gave Japan foreign currencies. He drew attention, however, to the cireum~ stances which did not warrant the absolute exclusion of these regions from the yen bloc, including the considerable amount of Japanese curency and yen in circulation In Central and South China and also mililary requirements—Reuter.

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

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