MARKET IN JAPAN.

Waikato Times, Volume 113, Issue 18944, 15 May 1933, Page 8

MARKET IN JAPAN.

FOR NEW ZEALAND PRODUCE. PROSPECT OF DEVELOPMENT. VISIT TO DAIRY FACTORIES. AUCKLAND, Monday. Mr Yutaka Nakajima, the representative of a prominent trading firm in Japan, who -is visiting Auckland, in an interview laid particular stress on the expanding market in the East for New Zealand and Australian wool, and during a tou” of the Auckland province he will visit a number of dairy factories with a view to examining the prospects of developing a regular market in Japan for New Zealand butter and cheese.

"It Is not my business to discuss politics," said Mr Nakajima, "but the whole world knows that in the last few months we have been consolidating and protecting our interests in the new state of Manchukuc. It means that Japan will be f~eer to develop her markets there, and wool, which we must get from New Zealand and Australia, is one of Manchukuo’s principal requirements. When I was in Harbin In November three years ago the temperature was 28 degrees below zero, and in the Mukden 20 degrees below zero. In January it is colder still. Everyone wears enormous quantities of wool in such a climate; we are supplying the ready-made article and we must get the raw material from you. Only yesterday I received a cablegram from my head office in Osaka instructing me to make purchases of wool in this country." Japan Flourishing. Mr Nakajima said Japan was In a •sound and flourishing condition, absolutely safe and peaceful. The chaotic conditions prevailing in China had no parallel in Japan. Visitors from any land were extremely welcome, and every hospitality was accorded them. Chinese doing business in Japan or residing there were respected, their lives were safe and there was no> discrimination against them as there was against Japanese living in China. Any notion that there was unrest in Japan was not founded on fact. As in other countries, there was a small Communist movement, but, on the whole, the people were working hard, were saving as they had always done, and durbank failures. The number of unemployed was comparatively small, and the majority of the factories were busy with orders. An Expanding Market. Since the embargo' on gold, commodity prices had been rising in Japan, said Mr Nakajima. She had purchased last year no less than -4 6 per cent; of the Australian wool clip. Australia, in fact, was finding that Japan and the East generally provided an everwidening market for the export of her primary products. Last year her exports to the East (including Japan, China and Malaya) amounted to £20,000,000, and she expecled to increase that amount this year.