The second. policy is regarded here ae a waclte" gesture" and should the make preparations for ensuring such collect the vernacular papers and the Finance M indicating his regret that he ha wanted to speak when the Premier also desired to do-so, The Premier, stter bowing in return to Br Taka macetil contimeet the Pinas way of acknowledging the
inister had paid him, fixed a stern glance at Geneval Araki and reminded hin that the expenditures for the Manchurian affair and the other incidents that came in its train constituted a very big: item of expenditure in. the budget and woul continue to do so for some time yet to come. He said that there was" no out but recognise the that Japan would be involved in similar outlay. for several successive years to come and that this had better be borne in mind when future financial programmes are drawn up, Baron Go's Morning Not so long ago, Huron Go, Presi dent, of the Japan Economic Po exation, in the course of a din-was conducted behind closed doors, but details of which Teaked out to the press, made speech which was full of veiled, hints about the serious economic and financial outlook Japan waa confronted with and which, according to the vernacular press, caused She War Minister, who was one of the guests of honour on the ocean sion, to brintle with indignation, After apologizing to his hearers that he did not think it wise to cull a spade a spade, but confident that the audience would be able to, et al the real meaning and tenour of his remarks, Baron Go said that, Gue to the sharp increase in, Stars expenditure and the fall in the ex-charge value of the yen, the chances of stabilizing the' economic structure here had been well-nigh sue. he said, will soon result Touts The creased "eurvency "fa. yockless inflation and the economic world of Japan, he feared, might be thrown into the same disastrous, plight os was that of Germany after the war. It. was of paramount importance, he insisted, that "the future of State finance and econom-fes be seriously considered at this The signs of a favourable turn financial circles, Baron Go said, were simply due to the active trade in war supplies and the—money} spent for the relief of the country's agricultural communities. Such relief measures, while they might be welcome to. financial circles, never= theless tended to render. rational finance anomalous, Baron' Go. declare. "He then attacked the budget for the current fiscal year half, of which, he pointed out, was for ar expenditure which even though ievituble was, nevertheless, wholly unproductive, The War Minister at this stage rose and, Jin a brief speech, which, the, Japanese payers characterised, as "an angry atd fiery retort," that the veal danger to the country to-day was not in the realm of economics or of finance, but in the confused state of thought which prevailed, something, he added, that t be overcome first of all at cost. "This question, was of far more importance than a mere Question" of industry' or commerce, especially as there are. indicat he said, of an anti-capitalist mo ment for which the entire nation shotld'be prepared, General Araki's Vi Ws A reporter of the "Yomiuri" a Tokyo daily, later called on the War travail, Nay, not Japan alone, but} all Asia, "Hitherto, no attention whatsoever has been paid to" the! culture, spirit and history of Asia. Asia must, itself share the blame has only just been born and the Japanese are destined to act as guide to this true Asin. Tone, the time hus come for Japan and Manchukuo to join hands firmly, regardless of what may happen."
The War Minister then continued to drift into his pet subject of birth
went on, "give a wrong diagnosis throes." "Doctors "sometimes," he ard mistake birth throes for. peri-ton itis or gastritis! It is thus neces sary that a correct diagnosis be found. Some say Japan's crisis a death agony. That is entirely wrong. It is the pain of a new birth, of @ new life, and all the people. must sink their differences to-day, unite as one, sive of] endeavours to the cause of, To Go the Here the. a your pardon," injected: "Are the huge military estimates the prics the nation has to pay for this jor: of birth'
General Araki, in lofty tones:—"The Army is above the game of snatching State money "withest adequate reason. It is not out cither merely to increase armiamen to enhance its own strength.
at one and the same time member of the Cabinet and War! Minister and nothing is. further from my thoughts than to sacrifice the general interests of the peopl: on the altar of military: aggrandize ment, The Japanese budget is bus-coned with 'x huge revenue deficit, Ihut then it must be remembered thay Jeoan has just removed her. shop from an outlying suburb of the capital to the Ginza (the main shopping centre of Tokyo). No matter hhow much she may be in debt is essential that she must have Food supply of the goods the public eds if she is to do business. When in an outlying portion of the city, it was possible to do business with small overhead expenses—and. forth. On the Ginza, much' more, naturally, is required, and it there any fear entertained of running! into' debt, then ino business what ever can "be done, so that tempora ary debts and temporary disappoint. ments and embarrassments wust put up with for the sake of future prosperity. A few years more, and the sun of prosperity will shower down on all, of us the beauty and warmth of {ts gold. "I, personally, have no fear whatsoever regarding, the future of Japan's finances, Vided we remain true to ourselves Segtny i contended, mut oth ts preparation tt war wre the decoration of auch a col Icetive blockade: must be accosted declamation of war. Ratise than allow the plans of the outside world to fructify, Japan, it is here neared, wil Love" of ocd "ced proceed to blockade the principal Borts of China test, and?
Text read from the printed page and cleaned; old type leaves the occasional error.