The Current Business Cyclopedia; Business Digest ... Volume 1

The Current Business Cyclopedia; Business Digest ... Volume 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... to Japanese confidence in British resources but also to the preference by the Japanese public for short term loans. The English bonds were redeemable in three years. The financial assistance just rendered to Great Britain is only a part of what has been done for the Entente Allies since the outbreak of the war. It is calculated that Japanese investments in bonds and treasury notes issued by the Entente Powers since the beginning of hostilities total about 515,000,000 yen, or $257,500,000, exclusive of the recent British loan. Another significant feature of the war period as regards finance has been Japan's heavy payments abroad of interest upo_n her own bonds and even in partial redemption of the same. This has been especially made possible by the nation's heavy accumulation of specie which has been due to a heavy increase in exportations. Japan's cash payments abroad, in addition to that for foreign securities, amount to 391,000,000 yen, or $105,500,000, since the inauguration of the war, and altogether Japan has paid out in cash since the war began the huge total of 1,006,531,000 yen, or $503,266,500. Adding to this the 200,000,000 yen, or $100,000,000, by which the special holdings of the Empire have been increased during the war period, about 1,200,000,000 yen, or $600,000,000, represents the cash balance to Japan's credit in the international operations. Commenting on this new financial situation the Herald of Asia, which reflects the opinion of the Japanese business world, makes the estimate that if the war continues another year it would be safe to place the probable total influx of money from abroad at 2,000,000,000 yen, roughly speaking, or about $1, ooo, oo0,00o. The journal even expresses the opinion that before...show more

Product details

  • Paperback | 418 pages
  • 189 x 246 x 22mm | 744g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236826205
  • 9781236826206