Foreshadowing perhaps the adoption of still further measures to stimulate Japan's dwindling export trade, Mr. Kodama emphasized the vital necessity for this country of bringing the total sales of Japanese goods abroad as near as possible to the sum of Japan's expenditures for essential foreign goods. The reduction of her adverse trade balance which has been achieved recently has been the result, he pointed out, merely of cutting imports down more than enough to keep pace with the descending export curve.
With an annual gold production of approximately 200 million yen, he sajd, Japan can easily off-set an adverse trade balance of this amount, and he held the opinion that her present gold féserves are adequate to withstand even a greater drain than that for some time to come.
Text read from the printed page and cleaned; old type leaves the occasional error.