TRADE WITH JAPAN

Wanganui Chronicle, Volume 79, Issue 14, 17 January 1936, Page 11

TRADE WITH JAPAN

OPTIMISTIC OUTLOOK FOR 1936. SYDNEY, Jan. 4. Considerable expansion of trade between Japan and Australia and New Zealand is anticipated, following increased demands for primary products, especially wool, and development of shipping facilities. Yamashita Company’s inauguration of a direct monthly line to the four principal centres of New Zealand is, the Sydney office of the company stated yesterday, the result of encouraging indications of the commercial outlook. During the last two years thif had shown a decided upward trend. The si earner Manju Maru, the first of the new service, now on her way will be follc-wcd in February by the Chifuku Maru. and by the Keifuku Maru in March. Raw Material Imports. The Department of Commerce, reviewing the trade position between i Japan and Auslralia, emphasised that the Commonwealth is not vitally dependent on Japanese imports, but certain Japanese industries are vitally dependent on the maintenance of the supply of Australian raw materials. “Another fact not always fully realised,’’ it states, “is that the visible trade balance in favour of -Australia is reduced con/riderably by the invisible imports by Japanese shipping. ’’ Referring to lhe expansion of Japanese markets, the department points out that the natural result has been to increase the .importation of Australian raw ma tori air l , “and thus be instrumental in assisting Australia to recover her position perhaps more than any other great producer of raw ma terials in the woi'M.”