JAPANESE TRADE

Evening Post, Volume CXV, Issue 105, 6 May 1933, Page 15

JAPANESE TRADE

THE DEPRECIATED YEN

BRITAIN CORNERED

. LONDON, April 29. The derangement of the normal Japanese trade balance, owing to the depreciated, yen, says the Tokio correspondent of ' 'The Times," is obscured by fears that Britain desires to penalise Japan for her Geneva policy. It is feared,- also, that; Britain seeks to exploit the /Ottawa Agreements in the interests of Lancashire. . ..: ■ The Japanese threaten to take reprisals against' Australian, wool .and Indian cotton. This ~. attitude, adds the correspondent, appears to bo.largely bluster, owing to the manufacturers' dismay at losing the Indian trade. Officials prefer to await tho result of the Government's negotiations before the Indo-Japanese Agreement lapses. It is learned'that the Foreign Office requested the Japanese Ambassador to callMu connection with the delicate situation caused by the export of cheap Japanese goods to various parts of, the Empire. Further .discussions have been arranged. It is difficult, however, to sco what can bo done. Tho textile interests continue to press tho Government, but tho Anglo-Japanese trade treaty ties Britain. Moreover, Britain is powerless in view of the Japanese workers' acceptance, of penurious wages. Sir F. 6.' Lindloy, British Ambassador to Japan, will discuss the problem when, he arrives oil'leave shortly. Tho Manchester Chamber of Commerce has had further discussions with Mr. S. M. Bruce, who has forwarded- the papers to Australia.