Tokyo, Dec. 3.
Stocks bounded upward by YJ to YZ oh a wide front yesterday following the official announcement of the 1939-40 budget. This was attributed to confidence which followed indications that there would be no further increase in taxation. BRA Next years, budget totalling 1 'Y.3,694,000,000 was compiled with a view to concentrating national resources to carry on Japan's military a operations in China successfully, Mr. Seibin Ikeda, Finance Minister, declared yesterday after the figures were approved by the Cabinet, Economy was the guiding principle is planning expenditures, he said, while scrupulous attention was paid io the necessity of effecting a readjustment of supply and demand in relation to materials, funds and labour, as well as checking an increase in payments abroad. 1
Text read from the printed page and cleaned; old type leaves the occasional error.