Word: takahashi
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Calling in Tokyo correspondents, Mr. Takahashi revealed that his Finance Ministry was rushing into shape a bill to make ''Roosevelt money" out of the yen-i.e. to devalue it and presumably pounce on the profit to be had by seizing gold held by Japanese citizens and banks...
When Franklin Delano Roosevelt was first swaddled, Japan's present Finance Minister was already approaching middle age. Today a tottering but keen-witted patriarch, Mr. Korekiyo Takahashi was the first statesman of world prominence to seize last week on President Roosevelt's devaluation project as a basis for local action...
Since this was still far below the World price, Japanese mine owners were unimpressed. "The Japanese gold price," announced bleary-eyed old Finance Minister Takahashi, "will be revised once each two weeks." Since the Government seemed to have no idea of controlling Japanese prices or the value of the yen by its purely academic price fixing, foreigners in Tokyo told each other knowingly, "Well of course the Japanese are an imitative people. They enjoy making the motions...
...naval treaty, General Araki hinted, should place the U. S., Britain and Japan on a basis of parity, instead of the present 5-5-3 ratio. Flaying Japanese Finance Minister Takahashi, who is des perately trying to pare down the Japanese Army & Navy estimates, War Minister...
Latest statistics show that yen in circulation have slightly decreased since the Empire went off gold nearly two years ago. There has been of course an orgy of Japanese credit inflation, sponsored by "Daruma" Takahashi as the only means of paying Japan's war bills. Last week he sharply criticized only one point of President Roosevelt's recovery policy, the shortening of working hours under the NRA. To 78-year-old and frankly old-fashioned Korekiyo Takahashi this is nonsense. "What any nation needs now," he snapped, "is more work, not less work...