The Archive · 1938

Japan's Loans Bigger

On the other hand, the spokesman declared, Japan's loans, issued during the same period, totalled, according to available information, around Ye 71,000,000,000.

Comparing the present total outstanding indebtedness of the two countries, the figures were roughly: for China, Mex. $6,000,000,000 and for Japan, Yen 18,000,000,000.

On the basis of these figures, the spokesman said that the per capita debt, in China, was only Mex. $13 and, for Japan about Yen 260, or a ratio of '1/20, compared with the ratio of Ys before the hostilities.

Thus, the spokesman concluded, Japan's per capita debt had increased by about Yen 100, whereas China's had increased by only about Mex. $3.

Reuter.

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

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