JAPAN HAS TRADE BALANCE
* , ' J Received Saturday, 9 a.m. . . LOtoOK, Nov. 8. The TouiKlaiion is being laid for Japan 5s emergence as Asia's major maniifacturing aiid exporting nation, says the Manchester Ciiiardian's Tokiov eoiTespondent. Alr'eady she has a favourable trade balanee. The reparations plan is gxtcnsive but a great deal more of Japanese industry is being left than jplanned a year ago. Of all plans for the i'utufe the most c'oraplete and the hidSt immediate in imjjortanee is that for the textile trlide. If this is carried out, the day when all Asiatics will again wear "made in Japan" clothes is not-far off. Japan is already exporting raw silk and silk prodiicts and soo'n will begin to 'export cotton yarn and c'loth. . j It is officially estimated that in under thr'ee years Japan will have l'etaptiii'ed her prcwar position in the Far East and will, in 1951, have almost a world m'onopoly for silk. Suprehie Command officials are confident their plan will prevail » despite objections and strong opposition that is expected to develop in two to three years from Anglo-American and Indiaii textile manufacturers.
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Chronicle (Levin), 9 November 1946, Page 5
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184JAPAN HAS TRADE BALANCE Chronicle (Levin), 9 November 1946, Page 5
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