‘LIVING BEYOND ITS MEANS': CRITICISM OF JAPAN’S ECONOMY
TOKIO, April 14. Mr Joseph Dodge, General MacArthur’s economic adviser, told the Japanese people today that the nation had been living far beyond its means. Sharply rapping Japanese opposition to the administration’s austei ity budget, Mr Dodge reminded the people that they suffered severe economic and territorial losses in the war, and that the situation was aggravated by a large net gain in population every year. In spite of this theie seemed to be astonishingly little comprehension among the Japanese of the real situation of their country. Nothing should have been expected as a result of the war but a long term of hardship and self-denial, but the nation had been living beyond its means. There had been a general disposition in the Japanese Government to accede to any demand, spend more and more, and attempt to spend every source of income.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19490416.2.105
Bibliographic details
Greymouth Evening Star, 16 April 1949, Page 10
Word Count
150‘LIVING BEYOND ITS MEANS': CRITICISM OF JAPAN’S ECONOMY Greymouth Evening Star, 16 April 1949, Page 10
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in