JAPANESE EXPORTS

New Zealand Herald, Volume LXXI, Issue 21845, 6 July 1934, Page 12

JAPANESE EXPORTS

V CONCERN IN YORKSHIRE EFFORTS IN WOOLLEN TRADE LONDON, June 22 Yorkshire woollen manufacturers are gravely concerned by the menace of Japanese exports, says the Yorkshire Observer, commenting on the Rome 'Wool conference. They fear that they will never regain lost trade if they allow cheap Japanese goods to become familiar in the world markets. The position is befcoming more threatening than in the tase of cotton and rayon. Quotas are Spurring on Japan to greater efforts in the woollen trade.

* Japan's shortage of wool is a menaco to Yorkshire, because the Japanese are determined to enter into all manner Of compensating barter arrangements. The Japanese have seriously jeopardised the Australian market by huge Vvool orders, the outcome of which is that Austi-alia does not dare to prohibit Japanese imports, fearing to loso -her export market. Moreover, Australia cannot manufacture at anything like the Japanese price. The Australian Government finds itself between tb<? Qevil and the deep sea J The Yorkshire Post says that the .'tonly sound' reply is for all woolhianufacturing countries to present a hnited front to Japan, reduce their fcosts, and'prevent Japan from getting "business. The wool-producing countries by i co-operating might even be able "to negotiate with Japan. The Do'Tninions must act for themselves; but it is confidently believed that they would support Britain, their main marfeet. ~