JAPAN MUST MAKE SACRIFICES TO RESTORE ECONOMY
(10 a.m.) TOKYO, Mar. 7. Mr. Joseph M. Dodge, who arrived with Mr. Kenneth Royal’s mission to review Japan’s economy, told the Japanese today to stop thinking in terms of how much United States aid they could get and to prepare to make sacrifices to put Japan on her own feet. Mr. Dodge said that too much attention was being given to raising the totals of production and exports without regard to the cost or the net results. “Japan must produce more at less cost,” he said. Mr. Dodge said there should be general recognition that an increasing part of the national output would be needed for years ahead to replace the free goods now coming from the United States which could not keep coming forever. Internal rehabilitation and expansion necessarily fell into second place behind the need for priority of exports. Mr. Dodge bluntly told the Japanese people that they could not expect American aid—which since the end of the war totalled 1,250,000,000 dollars — to continue indefinitely.
“Japan is operating a rigged economy,” he said. “Its internal policies arc neither completely rational nor realistic.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19490308.2.53
Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 22889, 8 March 1949, Page 5
Word Count
192JAPAN MUST MAKE SACRIFICES TO RESTORE ECONOMY Gisborne Herald, Volume LXXVI, Issue 22889, 8 March 1949, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. 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 Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.