JAPAN AND BRITAIN

New Zealand Herald, Volume LXX, Issue 21480, 2 May 1933, Page 9

JAPAN AND BRITAIN

TRADE RELATIONS A PROPOSED CONFERENCE (Received May 1, 7.25 p.m.) TOXIO, May 1 Japan is favourably considering a pioposal made-by the President of the Board of Trade, Mr. Walter Runciman, to the Japanese Ambassador, Mr. T. Matsudeira, for an Anglo-Japanese industrial couference in London to discuss Empire-wide trade relations. Also, Japan generally approves of the American proposals for a worldwide tariff truce. BRITISH POLICY SUSPICIONS AROUSED REPRISALS THREATENED LONDON, April 26 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 be largely bluster, owing to the manufacturers' dismay at losing the Indian trade. Officials prefer to await the result of the Government's negotiations before the Indo-Japanese agreement lapses. It is "learned that the Foreign Office requested the Japanese Ambassador to call in connection with the delicate situation caused by tho export of cheap Japanese goods to various parts of the Empire. Further discussions have been arranged.

difficult, however, to see what can be done. The textile interests con+!nue. to press the Government, but , Anglo-Japanese trade treaty ties • rain - Moreover Britain is powerless n view of the Japanese workers' acceptance of penurious wages, rl V Bindley, British Amb.assaJvf , a P ai ]> will discuss the problem en he arrives on leave shortly. The i auc^ e ster Chamber of Commerce has aaa further discussions with Mr. S. • -uruce, who has forwarded the Papers to Australia.

■nlr!J le k eenness of Japanese firms to ex- ... e new " avenues of reciprocal trade «as mentioned yesterday by Mr. Yutaka pml ] lrn ?•' representative of large gen- ; J concerns in Tokio, Osaka thr v° 1 "* lO arr i v ed at Auckland by don ' a K ara 011 a business visit. The inrr a >f to Z UOO J i' l Japan was increasr - Nakajima s;iid, and increased *">6 in New Zealand would bo the 1 other hand, Japan needed ither outlets for her manufactured goods. ■ a P an „ dkl not want war with na, Mr. Nakajima said. " However, ls in Position of having virfn, I no nationality and Japanese inests in Manchuria were menaced by woops and brigands who were without ■ v - China could not keep the couny in order and Japan hod to step in , protect aer own interests. The war s not ( affected trade tc any marked