ARMAMENTS & TRADE.

Wairarapa Age, 29 August 1933, Page 5

ARMAMENTS & TRADE.

JAPAN’S HOSTILE ATTITUDE TO BRITAIN. SERIOUS STRESS OF INTERNAL PROBLEMS. LITTLE HOPED FROM COMING CONVERSATIONS. LONDON, August 27. The “Financial Times” reports that Japanese trade guilds have supported the Government in sending a mission to South America and elsewhere to drive out British goods if Britain fails to satisfy Japan in the forthcoming conversations, from which the latter hopes are little, as all Japanese trade profits are at present being sunk in armaments. Japan is spending enormous sums to bring her navy to full parity with England and America, and this is threatening the country with bankruptcy. England and America are considered unlikely to enter into agreements in the interests of Japanese trade unless Japan will agree 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.