BUSY IN MALAYA.
Japan Sewing Europe’s Trade. SINGAPORE. April 10. An Anglo-Japanese agreement, providing a more equitable distribution of world trade, would be as welcome at Singapore as at Manchester. The Japanese are securing trade which formerly went to London, Bombay, New York and Rome. They are also largely using the free port of Singapore to exploit trade in Malaya, and generally are undermining the big European importing houses. The Japanese invasion is notable more for Lancashire’s financial losses than Japanese gains. Japan was content to sell in 1933 five times the amount of cotton piece goods sold in 1929 in return for double the aggregate price. Japan is also invading the cheap sarong market in Malaya, and has reduced India’s share to one quarter in four years. Similarly, Japan has made gains in the artificial silk trade from Italy and China. Japanese shops in Singapore are selling at one-fifth of the price imitations of goods procurable in European stores.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20283, 18 April 1934, Page 1
Word Count
160BUSY IN MALAYA. Star (Christchurch), Volume LXVI, Issue 20283, 18 April 1934, Page 1
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