JAPAN IN TRADE

Ashburton Guardian, Volume 53, Issue 204, 10 June 1933, Page 5

JAPAN IN TRADE

RUTHLESS ASSAULT ON WORLD.

SERIOUSNESS O|F THE PROBLEM.

ANTI-EMPIRE TARIFF URGED

(United Press Association —Copyright) (Received This Day, 10.55 a.m.) LONDON, June 9.

A “Sun” Service message says that the Japanese demand for naval parity with England and America, coupled with the trade threat, brings the Pacific more importantly into world problems than ever before. It is not expected that Japan will press for parity until the 1935' Conference, but her breaches of the Washington Treaty are causing the utmost perturbation. Japan undertook not to attack China and not to seek variation of -the 5-5-3 ratio, and not to fortify the Pacific, but she has abused the agreement by attacking China. Then she demanded naval parity with England and America. She is now ruthlessly assaulting world trade. The British Government is anxious, and the position has been constantly discussed in London and Tokio, but thus far without signs of a solution.

The Tokio correspondent of the “Daily Mail” says that as a result of India’s tariff on non-British cotton goods, Japan has virtually declared an anti-British tariff war. The Japanese Foreign Office indicates that ib will neither support nor oppose a boycott. The Foreign Office and, Ministries of Finance and Commerce are reported to have conferred and to have decided to seek an, emergency ordnanco for retaliatory tariffs on Empire goods, which will probably' he enforced in July. It is intended to levy prohibitive duties specifically on Australian wool and wheat, Canadian timber and wheat, English machines and steel, and Indian cotton goods and iron.

NO POLICY OF ISOLATION.

WILLING TO CO-OPERATE

(Received This Day, 10.55 a.m.) TOKIO, June 9.

Mr Ishii (chief Japanese delegate to the Economic Conference) favours tlie lowest reduction of tariffs increasing world consumption instead of restricting production. He says, that, Japan is not actuated by a policy of isolation, and will co-operate with other nations in advancing the welfare of the world. . ■ , .