NEW JAPANESE PROPOSALS ON MONETARY REFORM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78S01932A000100010001-6
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 20, 2016
• Document Release Date: November 26, 2004
• Sequence Number: 1
• Publication Date: January 2, 1974
• Content Type: CABLE

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DATE: 2 JANUARY?
NEW JAPANESE PROPOSALS ON MONETARY REFORM
ACCORDING TO A JAPANESE NEWSPApER, 'JAPAN WILL PRESS FOR
AN EARLY RETURN TO FIXED EXCHANGE RATES AT 'THE ROME' IMF
a
mg0tOG SCHEDULED FOR 17-18 JANUARY IN ADDITION, TOKYO 'REOORirEiLY
WILL:OFFER ANEW PROPOSAL FOR FIXING THE VALUE OF SPECIAL
DRAWING RIGHTS? {SDRSI
TOKYO HAS BECOME INCREASINGLY EAGER TO 'RETURN TO, EIXED
EXCHANGE RATES' SINCE NOVEMBER, WHEN THE YEN CAME UNDER STRONG
3 DOWNWARD PRESSURE. GIVEN THE HEAVY CENTRAL :BANK INTERVENTION,-
OiAa BILLION IN DECEMBER?TO MAINTAIN .THE PRESENT EXCHANGE RTE:4
ANY NEW FIXED RATE SURELY WOULD REQUIRE A DEVALUATION OF FROM
DATE:
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RELEASING OFFICER COORDINATING OFFICERS
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CLASSIFICATION REPRODUCTION BY OTHER THAN THE ISSUING OFFICE IS PROHIBITED
, Approved For Release 2005/04/21 : CIA-RDP78S01932A00010001000
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% THE PROPOSAL FOR VALUING SDRS MAY BE A MODIFIED'
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VER,,,, A COMPROMISE OFFERED EARLIER, AND ALMOST CERTAINLY 1
111041 i. -,1-ECT 'TOKYO'S DESIRE TO SEE THE SDR BECOME AN ATi.RAICTIVE.
{SPECIAL DISTRIBUTION: EAP DIV AND NIO
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