ACUTE DEPRESSION
LANDS IN JAP. HANDS CO-PROSPERITY FAILS (!) a.m.) LONDON, Aug. 30. Information reaching India from south-east Asia, says the Delhi correspondent of the London Times, indicates that the Japanese co-prosperity regime, far from the promised economic millenium, is synonymous of the most acute depression. This is not merely the aftermath of the hostilities on the soil of the south-east Asian countries, but the result of the fact that they are cut off from the markets for raw materials. Japan is unable either to offer alternative markets, or to provide transport to i such limited markets as are available. Accordingly ; products are piling up. The Philippines sugar industry is doomed, and the Burma rice industry is hard hit, with mililons of growers facing ruin.
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Gisborne Herald, Volume LXIX, Issue 20877, 1 September 1942, Page 3
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124ACUTE DEPRESSION Gisborne Herald, Volume LXIX, Issue 20877, 1 September 1942, Page 3
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