Tokyo Finance Minister Attempts to Clarify Monetary Issues Between Japan and China Tokyo, Feb. 6.
A new centra] bank of issue will be established by the- proposed new central government of China, Mr, Yukio" Sakurauchi, Minister of Finance, declared in the Diet here yesterday replying to an interpellation. Notes of the Federal Reserve Bank of China, circulating in North China, and of the Mengchiang Bank, circulating in Inner Mongolia, however, would be retained. "Japan will extend them all possible support to maintain their value." Mr, Sakurauchi said.
"What will be the relations between the yen-bloc currencies and the Chinese currency after the establishment of the new Central Government of China?" Mr. Kiroku Oguchi a leading member of the Orthodox faction of the Seiyukai asked in his interpellation. Unless this relation was fixed, trade between yen-bloc countries would not improve, he said.
"Is not a basic readjustment of policies China desirable?" he in queried.
Text read from the printed page and cleaned; old type leaves the occasional error.