WORLD ECONOMICS
POSITION OF JAPAN NEED OF EXPORT TRADE PARIS, June 24 The congress of International Chambers of Commerce was opened to-day. Mr. van Vlissingen, in his presidential address, said the world's economic conditions were worse than two years ago. As long as the foundations of world trade were not restored, there could not be confidence in the future. Sir Arthur Balfour and Mr. Yosaburo Tto agreed that Japanese competition in the world markets had promoted general wealth. Mr. Ito explained th?t the export trade was vital to Japan, where the livelihood of 70,000,000 people depended upon the importation of raw materials. Moreover, Japan could pay her creditors only by exports. All countries desired the opening of new markets, which could be attained by allowing Japan to increase her wealth through exportation and so to become a great buying country.
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New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11
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140WORLD ECONOMICS New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11
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