The Archive · 1940

Japan Not Controlled

"Tokyo, Sept. 13.

Rumours to the effect that the Government would place restrictions on the withdrawal of bank accounts was flatly denied by the Finance Ministry at the conference of government officials and bankers held here yesterday.

Mr. Toyosaku Hirose, Vice-Minister of Finance, declared, the officials have not considered any form of controlling of bank accounts, not only from a viewpoint of the freedom of accounts, but the adverse effects such a step would have upon the increase of savings.

Mr. Hideo Matsukuma, Chief'of the Banking Bureau of the Finance Ministry, in answering questions from S|prtvate bankers, said that the control of withdrawal of bank accounts had never been considered.—Domei.

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

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