• Short Summary

    In what is believed to be the biggest cash transfer in history, the Japanese Government shipped 54,000 million yen (67,500,000 sterling/162,000,000 dollars) from the Bank of Japan in Tokyo for transfer to Okinawa and other islands in the Ryukyu group.

  • Description

    In what is believed to be the biggest cash transfer in history, the Japanese Government shipped 54,000 million yen (67,500,000 sterling/162,000,000 dollars) from the Bank of Japan in Tokyo for transfer to Okinawa and other islands in the Ryukyu group. The money will be used to exchange U.S. dollars for yen when the islands revert to Japanese control on May 15, after 27 years of American occupation.

    Security measures for the operation were massive - trucks carrying 161 containers weighing about 500 tons in all, left the Bank of Tokyo in the early hours of yesterday (Wednesday) morning, under cover of darkness. Nearly 400 police guarded the loading operation and the route along the way to Tokyo Port - where the consignment was loaded onto two Japanese military transports. From there, during the week-long voyage to Okinawa the transports - already armed with guns, torpedoes and 100 soldiers each - would be escorted by a destroyer.

    The distribution of the yen throughout the islands would be carried out in May under the watchful eyes of more than 2,000 policemen - including several hundred reinforcements brought in from Japan especially for the operation. then, in June, the same military transports and their escorts would return to Japan carrying the dollars which had been exchanged for the yen.

  • Tags

  • Data

    Film ID:
    VLVAD967DR9OSNNBUK9WAJYCOIQ4U
    Media URN:
    VLVAD967DR9OSNNBUK9WAJYCOIQ4U
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/04/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:11:00
    Time in/Out:
    /
    Canister:
    N/A

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