Word: yen
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...idia had a modern, highly efficient domestic cotton industry capable of supplv-mg all but 25% of her needs. That 25% was the prize, and in 1929 Britain got twice as much of it as did Japan. Then came Depression, the Gandhi anti-British boy, depreciation of the yen. Japanese cotton sales to India rose "and rose until by 1932 they not only passed Britain but were cutting seriously into the sales of the Indian mills. In 1933 the Indian Government increased the tariff on foreign cotton goods, which was mostly Japanese, to 5%, set the duty on British cotton...
...permit Tokyo Gas Co. to increase its capitalization. Five members of the Japanese Diet, two sheriffs and 16 Tokyo officials had already got mild sentences for that crime, most of them suspended. But the judges clamped on Yukichi a sentence of ten months in jail and a 17,000-yen ($5,000) fine. Big Brother Senjuro could not help feeling that, as the public officer responsible for discipline in the Army, he should accept his responsibility for his brother's sins by resigning. Mildly the old Genro tried to dissuade him, pointed out that Brother Yukichi had been indicted...
...present tide in the Chaco war turn and Bolivia start to invade Paraguayan territory, the new immigrants must serve in the army. ¶ Next problem was Russia and the Kamchatka fishing leases (TIME, March 5). Russia had refused to renew the Japanese leases because she felt that with the yen off gold they no longer represented a fair value. From Moscow last week went a new offer. Russia would accept the present Japanese bids provided Japan will reopen the entire matter before next year's auction. This Minister Hirota refused to do, claiming that 282 of the disputed fishing...
...Mariette Nguyen Huu Hao was beautifully married. It took four days. On her way up Annam's great mandarin road along the coast she stopped off to climb a mountain and drink of the "frozen spring." Outside Huê, a cavalcade of palace mandarins on short native Phu-Yen horses met her in the Valley of Clouds and escorted her through the three walls of the Red City into the Palace of Passengers. Next day, dressed in a great brocaded Annamite gown, she stepped into an automobile and was driven to the Emperor's Palace, followed...
Auction day for this year's fishing rights fell last week. As the big, bearded Russians and the little, rough-handed Japanese gathered in Vladivostok with their bids, the Soviet Government abruptly informed the Japanese that the ruble-yen rate was now 75 sen. As the yen had depreciated to 30? since the old rate was fixed, it had dragged the ruble in terms of yen to 10?. The new rate raised it to 22?. Angrily the Japanese submitted their usual bids with deposits on the old rate. None was accepted...