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SLUMP IN OCCUPIED TERRITORY London, Aug. 30. Information reaching India from south-east Asia, says th e Delhi correspondent of the London “Times,” indicates that the Japanese “co-pros-perity regime,” far from being the promised economic millennium, is synonymous with a 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 their raw materials, and Japan is unable either to offer alternative markets or provide transport to such limited markets as are available. Accordingly, the products are piling up. The Philippines sugar industry is doomed, and the Burma rice industry is hard hit and millions of growers are facing ruin.—P.A.
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Nelson Evening Mail, Volume 77, 1 September 1942, Page 5
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127CUT OFF FROM MARKETS Nelson Evening Mail, Volume 77, 1 September 1942, Page 5
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