JAPANESE TRADE

Wairarapa Daily Times, 19 August 1933, Page 5

JAPANESE TRADE

THREATENING MOVEMENT AGAINST BRITISH EMPIRE. Press Association Electric Telegraph—Copyright (Received Saturday, 9.10 a.m.) TOKIO, Friday. In consequence of the British Empire’s anti-Japanese trading movements, Japanese industrialists are conferring with the Government, requesting shipping facilities for facilitating the importation of South American wool, thus replacing Australian.

AUSTRALIAN FEARS. SYDNEY, Friday. Australian manufacturers are apprehensive regarding the Christmas toy trade, as they realise they have no chance of competing with Japanese landed prices. The president of the Chamber of Manufacturers, Mr H. Gordon Bennett, stated that if Japan is successful in her proposed drive to flood Australia with toys, Australian workmen in the toy industry will have a very lean Christmas. The Minister of Trade and Customs, the Hon. Lieut. Colonel T. W. White, stated at Canberra that the Commonwealth Government was keeping a close watch on the threatened flood of Japanese toys, and if there was evidence to establish a prima facie case of dumping or threatened dumping, it would be dealt with quickly. IMPORTS INCREASE. CANBERRA, Friday. An increase of 50 per cent in the value of importations from Japan is shown by comparison with the figures for the financial year just ended with those for 1931-32. The balance of trade between the Commonwealth and Japan, however, is still £5,000,000 in Australia’s favour.

Most of the goods imported from Japan are competitive with British importations.