TRAVELLING ALARM CLOCK
NO. 8522
* LASTING
RELIABILITY COMBIND WITH UNIQUE APPEARANCE
SOLE
*****
AGENCY IN
HONGKONG
THE OVERSEAS WATCH CO.,
Telephone: 30702
10
FAR EASTERN ECONOMIC REVI
76 5
NO.
EX4
30 DAY
R
RHYTHM
WALL CLOCK
RHYTHM WATCH CO., LTD. TOKYO, JAPAN
Service Is Yours Around the World from Japan's Dai-ichi Bank
October 31, 1963
sen Japan and Malaya amounted to about M$600 million last
with a year, balance of $172 million in Malaya's favour. Japan is at present the most im- portant trading partner of Malaya after Britain and the United States.
In the first four months of this year she bought $105 million worth of goods from Malaya and sold $80 million. As compared with the same period for last year, Japan bought less ($22 million) and sold more ($13 million). Of her total imports from Malaya during the period, she spent on iron ore $37 million, on rubber $33 million, and on tin $27 million. The Malayan iron ore industry is practically at the mercy of Japanese steel mills for its buying support. Of
the 6,441,111 tons of iron ore exported by Malaya last year, Japan took 6,391,971
tons.
Malayan Imports Rise Malaya's formerly large trade surplus is also dwindling, now that Japan is re- ducing her imports of iron ore, tin and rubber. A favourable trade balance of $59 million in the first four months of 1962 has now been cut to $25 million. Although Malayan imports from Japan have risen by more than 18% this year, Japan sold to Malaya only $14 million worth of cotton and other fabrics as com- pared with $16 million last year. A slight drop in imports of Japanese cement was also recorded, but with supplies
Indonesian Opportunities
By a Correspondent
ACCORDING to a recent report of the Bank of Japan, Japan's exports to Indonesia in the year ended March 1963 amounted to US$68.9 million with goods imported from Indonesia valued at $41.5 million.
Machinery, weaving yarn, textile pro- ducts and spare-parts continued to ac- count for the major portion of Japanese exports, while imports from Indonesia were mainly petroleum products, minerals and timber. Japan imported only a small amount of Indonesian rubber valued at $344,000.
As a result of Mr Ikeda's visit to Indonesia last month, Japan increased its planned emergency aid to Indonesia by US$2 million to $12 million. A com-
muniqué issued at the end of Mr Ikeda's visit pledged further economic coopera- tion between the two countries, Premier Ikeda assuring President Sukarno that Japan was prepared "to continue to ex- pand its economic and technical assis- tance to Indonesia to the full extent with- in its capacity." It is estimated that at the end of 1962, Japan had already ex- tended to Indonesia credits worth $80 million (excluding war reparation).
Meanwhile, industrial projects under the Reparations agreement have been satisfactorily carried out. Japan has also been very active in exploring the chances of investment within the framework of the production-sharing system.
Among some projects to be set up in Indonesian Imports from Japan-
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valued at $1.5 mil- lion Japan was still able to remain her
position as chief sup- plier of cement 10 this country.
259
JAPAN INTO *AFFLUENCE
Special
Other Japanese manufactures, especially steel and iron products, made useful gains in the Malayan market. Some of the main items were: steel plates and sheets which increased their export value from $6.9 million to $7.4 million; steel bars from $3.6 million to $4.8 million; iron pipes and fittings from $1 million to $3 million; motor vehicles from $3.7 million to $6,2 million; and telecommunications equipment from $1.8 million to $2.6 million.
a
Indonesia by Japan under this system are: nickel exploiting project in South Sulawesi by Nickel Development Corp- oration with a credit of $1.6 million, a timber project in East Kalimantan by East Kalimantan Development Corp- oration and a sugar mill in South Sumatra by Toyo Menka.
Following the break of Indonesian trade with Malaysia, Japan is being seen 35 one of the alternatives outlets for Indonesia's economic crops. Needless to say Japan's trade with Indonesia should increase in volume, since Indonesia prefers to trade direct with Japan rather than, say, Hongkong.
Reports from Indonesia indicate that the Government has not yet permitted the
Paga 200 of
Ninety years old this year, the Dai-Ichi Bank, has contributed to industrial and economic progress since its founding in 1873. Today it is ready to assist you promptly and courteously in foreign exchange transactions or any business with Japan.
90th ANNIVERSARY
EST.
1873
THE DAI-ICHI BANK LTD.
HEAD OFFICE: Marunouchi, Chiyoda-ku, Tokyo
CABLES: "FIRSTBANK" Branch net-work throughout Japan NEW YORK AGENCY: 120 Broadway, New York, N.Y...U.S.A. CHICAGO CORRESPONDENT OFFICE: 38 South Dearborn St., Chicago 3. III., U.S.A. LONDON REPRESENTATIVE OFFICE: 1 Royal Exchange Ave., London E.C. 3, England ASSOCIATED BANK: The Chekiang First Bank of Commerce (Hongkong) Ltd-Hongkong
Meat & preps.
Fish & preps.
Other foods & beverages
Unbleached pi. cot. gds. grey.
Bleached pi. cot, gds. other
Pi. cot, goods-dyed & printed, &
Greys unbleached pi, gds.
Chemicals
Chem. prods. & pro ds.
Dyed stuffs from coil-tar.
Value in Rp. million. Quantity in 1000 kg.
Jan.-July
1962
1961
Quantity Value Quantity Value 97 6.1 195 14.7 818 9.4 218 4.3 1,250 2.2 212 13.6 836 51.4 192 15,9 792 64.1
Jan.-Dec.
1960
Jan.-July 1962
Jan.-Dec.
1961
1960
Quantity Value
69 3.7
Cement
1,026
11.5
1,192
1.1
71
4:3
Wire not insulated
595 46.3
Non-ferrous base metals
woven yarn coloured fabrics. Woven cotton yarns.
788
962
232
68.9 3,626 344.3 54.4 24,874 1,301.4 13.5 1,176 70.8
1,561 147.3
Nails, tacls & spikes of iron Fastening means
18,460 1,014.3
347 21.7
Other raw mats. & auxiliary prods.
exclu, textiles.
28,803
Bleached. cot. pi. gds. shirtings &
cambrics
Rubber tubes, transmission & con-
2,873
Other textiles
Serving implements
208.1 360 17.8 1,447
5,660 407.1
3,807 270.9
veyance belts.
7,269 326.4
10,318 432.3
12.5 4,162 40.4
4,999 37.1
Sewing machines
Batteries for torches a bicycles Vehicles n.e.5. & parts
Clocks, watches & zccessories Fancy articles
345 14.0 1,114 35,2 8.79 24.5
567
19.1
8
518 30.7 1,584 42.4 1,184 32.5 90 3.7
1,534 41.8
11
0.3
ornaments &
articles.
4,302
Other consumption goods exclu.
textiles
5,649
87,5
294.5 18,301 1,116.3
73 3.4
8
0.5
10,415
575.2
7,890
33.7 15,398 77.1
4,633
24.9
869
13.8
1,816 26.9
1,991
22.3
262
10.8
199
7.3
1
0.1
Fertilisers, ammonic m sulphate
37,583
83.2
9,680
22.5
Fertilisers, other inds Cardboard, newsprint
91,858
317.2 15,704 29.5
1,076
3.1
Motorbicycles, side cars & parts Towboats & sea-ships Other capital goods
& writing
Others
paper.
13,662
122.9 30,273 262.9
11,810 104.5
Packing paper, other Cigarette paper
4,000
688
40.3 2,235 86.6 15.0 1,302 27.2
7,594 104.3
171
Total
3.6
Source: Djakarta Statistics.
Glass building material Iron-steel bars & rods
Iron tubes & pipes Requisites for railways Prime movers (excep. I.C.E.) 1.C.E.
Machines & appliances n.e.s, Telecommunication apparatus. Insulated wires & cables
Rail, tramway vehicles & parts Motor buses & motor trucks Other road motor vehicles Chassis, of motorcars & tractors
n.e.s.
5,103 20.5
2,051 14.7
5,111 35.5
651 13.8
365 3.4
1,728 27.5
34,699
18.9
64 3.1 1,241
160 8.7
12.7
1,260 91.5
Quantity Value Quantity Value Quantity Value 15,246 16.1 190,063 160.1 15,654 17.4
5,543 28.2 7,753 31.4 3.389 23.2 9,488 62.0 3,903 24.9 9.604 69.6 976 33.5 1,876 50.1 1,740 11.2 1,844 15.4 4,666 54.2 873 15.7
260.4 67,325 572.9
281 11.8 153 5.8 12,490 135.7 2,970 47.3 24,922 164.9 7,064 69.9 370 18.4 224 11.4 323 21.4 1,064 65.4 8,431 $13.8 7,190 365.6 417 52.5 413 75.6 782 21.8 1,207 28.6 1,465 30.1 969 9.9 1,520 64.6 1,279 50.1 1,332 69.1 638 39.2
7,664 288.8
110 17.2
396 11.4
1,371
25.6
707 41.3
66
3.9
624 22.7 153 10.0
341 18.2
4
0.4
1,105
25.6
3,652 221.9
2,287 303.9
753 34.1 910 52.9 280 14.0 2,719
102.5 6,241 293.4 315 16.3 2,416 487.7
298,016 3,178.6 455,353 6,404.8 173,152 4,143.8
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260