That Japan is icing the most sal period inh economic the—opinion of Viscount Shibusawa, the "Grand Old Man" of Japanese "business and finance, Viscount Shibusawa, after detailing the wide-spread effects the great war dealt to the economic structure of the enrive world, expresses regret that, although other nations went through great sacrifices to repair] the damage they sustained and to readjust matters, Japan failed to do so until blow after blow fell upon her.
Japan was a gainer by sheer force of circumstances and not by virtue of any inherent virtue in her people," he declares. "Her wealth increased enormously and the nation became intoxicated with the sudden access to affluence that it experienced." After pointing out that the country's industries expanded beyond legitimate bounds, has arrived for a thorough readjustment "that should, however, not impede the development of' the ion. Failure to set matters aright at this juncture, he believes, may prove fatal later on.
The veteran Japanese business man says that retrenchment and stern economy are crying needs today and that artificial means to speed up a business recovery should be totally eschewed. "The line of least resistance should not, be de-depression must' be remedied by a nation fully recuperated, not by a people that choate itself into the belief that it has fully recovered when it has merely taken a stimulant. If the Japanese do not now work hard and make an uphill fight, instead of coasting down-hill, and true reaccomplished.' ver will have been
Text read from the printed page and cleaned; old type leaves the occasional error.