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The Russo-Japanese Conflict

Note 18 — INTRODUCTORY

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See the U. S. Consular Reports, advance sheets, No. 1529 (December 26, 1902). In 1902 the total debts of the farming classes of Japan were estimated at 400 million yen. Mr. S. Nakayama, in the Tōyō Keizai Shimpō (“Oriental Economist”) for July 15, 1902, p. 14.

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