The Archive · 1938

Tokyo Stocks Unusually Quiet

Fresh Incentive Needed; Bond Issues Outstanding At Enormous Figure

Tokyo, Apr, 11.

Except for limited selective investment spot buying the Tokyo stock market has been unusually quiet recently, contrary to earlier expectations that it would be very active after the adjournment of the Diet session, It is felt that no one has any definite idea as to whether the present prices of the leading issues are on the right levels, what will become of the heavy as well as light industries several years hence, or how the present. rearmament competition among the Powers will develop.

Furthermore, traders and investors are somewhat apprehensive over the future progress of the Government's economic control measures, which aim at checking an inflationary tendency. Operators feel that no econo-mie control will be able totally to stop the inflationary trend created by increasing Government expenditures.

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

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