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Japan faces drastic steps to revive business says Kinney
Tokyo dispatch notes Japan must curb price declines and clear a glut of goods through aggressive selling, production cuts, and credit expansion. Warehouses crowd Yokohama and Kobe as imports slump, shipping declines, and many firms lay off workers. Authorities oppose drastic measures but warn the economy may be prolonged without action.
MENTIONED IN THIS ARTICLE
Henry W. Kinney
United Press
Tokio
Japan
Yokohama
Kobe
Consignees
Aeems
Trates
Ps. Ee
Midiffe