Tokyo, June 23.
Stringent foreign exchange regulations designed to stabilize the yen market in China by checking the increase in Japanese travellers going io the continent will go into effect July 1 with the enforcement of an mendment to a departmental decree of the Finance Ministry.
Heretofore Japanese travellers abroad have been permitted to carry Y.2000 for expenses, including Y.1000 in cash and a letter of credit or a money order for Y.1,000.
The amendment fixes the maximum amount which can be carried for travelling expenses in cash, a letter credit or money order to Y.500 ud stipulates that special permis-on must be obtained to have more than that sum.
Previously there were no restric-tons on imports of Japanese bank notes from abroad, but the amendment places all imports of Japanese ites under a license system, except maximum amount of Y.200 which can be carried by travelers to Japan.
The Vice-Minister of Finance Mr. Ryuta One, declared that Japanese avallers to China had been adverse-affected by the yen market there. Restrictions on imports of Japanese notes were intended to deter merchants from taking undue advantage of cheap yen quotations abroad.—Domei
Text read from the printed page and cleaned; old type leaves the occasional error.