TNAG-0299-FCO40-335-Entitlement-of-Hong-Kong-to-generalized-tariffs-preferences--1971 — Page 14

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

HE INTERNATIONAL MONETARY SITUATION AND THE YEN

Mr Hirahara admitted that there was much talk of

he idea of revaluing the yen but he thought that this

as largely journalistic speculation. Only one

country (the US) had seriously suggested that the

en should be revalued. From the US point of view

he Yen appeared to be undervalued but they looked at

he matter from a bilateral point of view. Japan

ad a favourable bilateral balance.

gold and foreign exchange

Moreover her

CONALUM

reserves

NOTHING TO BE WRITTEN IN THIS MARGIN

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