JAPAN'S TRADE.

Taranaki Daily News, 16 August 1920, Page 5

JAPAN'S TRADE.

CHANCES BY THE WAR. IMPORTS EXCEED EXPORTS, By Telegraph.—Press Assn.—Copyright. Received August 10,12.5 a.m. Tokio, July 14. M. Inouye, Governor of the Bank of Japan, interviewed, said that five years' of war witnessed a great change in the financial and economic situation of Japan, primarily in a remarkable development of foreign commerce. An increase in Japan's specie reserves resulted in an expansion of the number of bank notes in circulation, which naturally contributed to an enhancement |of industrial and business activities. Imports and exports increased three times what they were before the war, but foreign commerce in the future would propably show a decrease in imports, and exports, although the imports" still continue high, and possibly will exceed the exports for some years. Japan's merchant marine tonnage was three million, and the preponderance of imports over exports in the future constituted a menace to Japan. ■ "Our pre-war foreign investments were negligible, but they now total about 2200 million yen," he added. "It Ib therefore inconceivablei that Japanese business men will be faced with the necessity of raising money to meet an unfavorable balance in trade, or that our specie reserves will suffer a. too heavy drain. Japan's currency system will be quite as stable as ever."—Aus.-N.Z. Cable Assn.

THE FOREIGN OUTLOOK. CONCERN OF THE SITUATION. Received August IC, 12.50 a.m. Tokio. August 15. Japan is expected to soon call a national mass meeting of its citizens to obtain their views on foreign affairs, owing to the increasing gravity of the international situation. The Japanese Press considers the Chinese Cabinet is decidedly pro-American and antiJapanese in sentiment,—Aus.-N.Z. Cable Assn.