JAPAN’S PLAN.

Star (Christchurch), Volume LXIV, Issue 852, 28 August 1933, Page 1

JAPAN’S PLAN.

NAVAL PARITY WITH U.S. AND BRITAIN. Trade Mission to S. America. RESULTS not expected from PARLEY WITH ENGLAND. United Press Assn.—By Electrlo Te! egra ph—Copy rlgh t. (Received August 28, 9.40 a.m.) LONDON, August 26. The “Financial Times” reports that Japanese trade guilds are supporting a Government pro-

posal to send a mission to South America and elsewhere with a view to driving out British goods if Britain fails to satisfy Japan in the forth- : coming conversations, from which Japan hopes for little, as all Japanese trade profits are at present sunk in , armaments. Japan

is spending enormous sums to bring her navy to full parity with England and America, threatening the country with bankruptcy. England and America are considered unlikely to enter into agreements in the interests of Japanese trade unless Japan agrees to a disarmament policy, enabling the raising of revenue for balancing the Budget, relieving the heavily taxed masses and stemming the present dangerous social and political unrest.