EXCHANGE OF NOTES BETWEEN JAPAN AND FRENCH INDO-CHINA, ANNOUNCEMENT BY THE BOARD OF INFORMATION, JANUARY 20, 1943
The exchange of official notes concerning the method of settling accounts between Japan and French Indo-China took place at Vichy on January 20 between the Japanese Ambassador, Mr. Takanobu Mitani, and the French Premier, M. Pierre Laval. The purpose of these notes is to adjust matters relative to the settlement of accounts between Japan and French Indo-China in conformity with the new situation developing after the outbreak of the war of greater East Asia and to supplement the Japan-French Indo-China Economic Agreement which was signed on May 6, 1941.
The principal point of the notes is the agreement to make settlements of accounts relating to trade, both visible and invisible, between French Indo-China and other regions of greater East Asia on the basis of the yen.