JAPAN: Gold between Cocoons

The 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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!