JAPAN, The following is from the "Japan Daily Herald" of November 18 With regard to the draft of the Budget published by the Financial Department and the lengthy speech recently rendered by Premier Katsura at Osaka the Tokio Press are unanimous in entertaining pessimistic views, of course with the sole exception of the official organ. We are indebted to the " Yorodzu" for the following summaries of the views of the leading Tokio journals 'The "Nichi Nichi":—" The Premier is attempting to carry out two wholly contradictory policies at one and the same time. We are indignant at the' erroneous theory which supports the idea that the Cabinet iz following the line of policy adopted by the n Government in its financial adjustment scheme.""
The "Jiji:" "The Ministry has virtually confessed itself to have been caught in the trap of its loan policy—a trap of the Cabinet's own contrivance,"
Text read from the printed page and cleaned; old type leaves the occasional error.