Another announcement by the Japanese Finance Ministry states that Japan's exports to the yen-bloc countries during the whole of 1938 Jamounted to Y.1,182,261,000. an ins crease of 41 per cent. over 1987, while the imports were valued at ¥.565,359,- 000, an increase of 28 per cent, over 1987. The export excess, or favour able' balance. was thus ¥.616,902,000, Jan increase of 85 per cent, over the export excess of 1937.
According to the statement, the total 1938 exports to Manchoukuo amounted to ¥.316,323,000, 10 Kwantung Leased Territory ¥.536284,000, China ¥.112,900.000_ (including '¥.198,639,000 {0 north China and '¥114,077;000 to central China).
It should be explained that while Kwantung Leased Territory, of which the port is Dairen, has the de facto status of a Japanese province, goods Jsent there are treated as exports and the bulk of them proceed inland into Manchoukuo.
'OMcial figures from Changchun, the capital of Manchoukuo. state that imports from Japan during 1938 amounted to ¥.970.184.000, This
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