Foreshadowing perhaps the adoption' of still {urther measures stimulate Japan's dwindling export trade, Mr. Kodama emphasized the vital necessity for this country of bringing the oral sales of Japanese goods, aprond os near as possible to the sum of Japan's expenditures for essential foreign goods, The reduetion of hor adverse irade balance which hat 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 said, Japan can easily off-set an adverse trade balance of this amount, and he held the opinion that her present gold reserves 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.