Word: yen
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Most recent and spectacular of astute Prime Minister Hamaguchi's gestures toward Economy was his toning down of his son's wedding. The bride, petite Miss Aya Mizumachi, is the daughter of a rich Imperial Privy Councilor. Her family had already spent 10,000 yen ($5,000) on wedding preliminaries, were preparing to spend a total of some...
There was need for stout defense because the present Minseito Cabinet has been carrying on with a smaller number of seats in the Diet than are possessed by their potent rivals the Seiyukai Party. But great achievements stand to their credit: chiefly that of putting the yen back on a gold basis (TIME, Dec. 2). They hope to win the election by a thwacking majority. For the first time in 15 years they will be the party in power on election day, an advantage almost as formidable in Japan as in Mexico, Chicago or Rumania...
Soon the prospective fathers-in-law stood face to face. "I have come to say," said Father-in-Law Hamaguchi, "that I hope the expenses of the wedding proper will not exceed 50 yen [$25], and that not more than five yen [$2.50] per wedding guest will be spent on refreshments. I shall instruct my son to spend not more than 250 yen [$125] on the wedding trip...
Earlier in the week President Chiang Kai-shek left Honan where he had been directing operations against the People's Army (northern rebels, supposedly under the direction of Generals Feng Yu-hsiang and Yen Hsi-shan) for Nanking. Following the Soviet invasion of Manchuria came a second report: military leaders of all Chinese factions had ceased fighting, concluded a speedy truce to present a united front against the Russians...
...quietest period in Japan's fiscal year is the winter months between the old and new silk cocoon crops.- Bearing well in mind fragile, brown, papery cocoons. Finance Minister Junnosuke Inouye last week chose Jan. 11, 1930 as the date for putting Japan's currency {yen) back on a stabilized gold basis. The stabilization credits of $25,000,000 each in favor of the Imperial Government were opened at New York and London las! week by J. P. Morgan & Co. with U. S. and British associates. That Japan can stabilize on so small a credit-Britain required...