NEW MARKETS.
JAPANESE POLICY. Expansion Plans for Economic Self-Sufficiency. WOOL GROWING OBSTACLE. (United P.A.—Electric Telegraph—Copyright) (Received 1 p.m.) LONDON, October 18. The Tokyo correspondent of the "Financial Times" says that Japan is planning economic self-sufficiency by capturing new markets to recoup the losses due to foreign tariffs. She intends to take South American rawmaterials, including meats, wool, wheat and hides in exchange for manufactures. At present almost all her wheat is imported from Australia and Canada, and beef, tallow and wool from Australia. The Government, because it may cost more to purchase from South America, is forming a great national trading company with branches throughout South America. Little success has attended Japanese wool growing because of bamboo grass, which is ratal to sheep. As Manchuria and Korea are not handicapped in this respect the new Japan-Manchukuo Slice]) Raising Association expects to increase flocks from the present 2,000,000 to 25,000,000 within 25 years.
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Bibliographic details
Auckland Star, Volume LXIV, Issue 247, 19 October 1933, Page 7
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152NEW MARKETS. Auckland Star, Volume LXIV, Issue 247, 19 October 1933, Page 7
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