611.9431/131: Telegram

The Ambassador in Japan (Grew) to the Secretary of State

182. My 180, July 6, 7 p.m.,8 and previous. Effective as of today, there were promulgated today revised texts of the foreign exchange control regulations. The maximum of 30,000 yen per month for transactions not requiring foreign exchange permit has been reduced to yen 1,000 per month. “However, no permission shall be required for foreign exchange and letter of credit covering shipments already arrived in this country or those which are loaded on vessels at the time of the promulgation of this ordinance, or those which are to be loaded within a week following such promulgation”.

No exchange permit is required for contracts entered into for amounts below 30,000 yen per month prior to promulgation.

Full text by mail.8 Please advise Commerce and Treasury.

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