MORE LIBERAL LEVEL FOR JAP INDUSTRY
Reeeivecl Tliui'sday, 8.5 p.m. NEW YORK, Sept.- 10. A liberalised long-range policy on tlie level of industry to be permitted Japan, has been adopted by United States and is being considered by the Far Eastern Commission. The plan, which represents not too happy a qompromise between the AVar and State Departments, would permit Japan 50 per cent. more steel eapaeity ahd more other facilities than dutlined in the Pauley report of 1946. It ia believed that within a few weeks the Far Eastern Commission nations will agree- to the United States recommendatioms without major change which, though now more liberal,, would still- cut steel production to a third of Japan 7s expanded wartime capacity. The final United States7 policy is tp, plaee no limitation on production facilities for coal, sillc, wool, textiles,. building materials other than steel, food proeessing, ceramies- and fishing,^ In general the plan is- said to be' geared to provide the future Japanese economy to meet its home consumption levels of 1930-34.
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Chronicle (Levin), 12 September 1947, Page 5
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171MORE LIBERAL LEVEL FOR JAP INDUSTRY Chronicle (Levin), 12 September 1947, Page 5
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