The healthy growth of Japanese exports is to be noted in the statistics for the past nine months which show a steady increase from—169,000,000 yen for the month of January to 4227;389,000 yen for the month of September. Almost without " exception each succeeding month has recorded an improvement over the previous thirty days. Of the various Interns of export, miscellaneous articles constitute almost 50 per cent. Even January when the percentage fo this category was lowest, they accounted for 45 cent. of the total export trade.
For the sake of comparison it may be interesting to note the figures for 1925 in which year Japan did the largest tra 2 result of fof 1923 which necessitated enormous purchases of building materials and other necessities. In that year Japan exported 2:305,589,000 yen of" pro-duets and imported 2,872,687,000 yen. In 10994 she exported '2,171,924,000 yen worth of products and imported 282,001,000 yen, showing an adverse Balance' of 110,677,000 yen. Now compare these totals with the figures for the first nine months and. ten days of the current year of 1,974,- (000,000 yen for imports and 2,004, 000,000 yen for exports. It should not take Jong to note how favourable Japan's trade Position is at present particularly as the export season SULL at Its height. Unless the expected occurs 1935 should be the best year in Japanese trade in point of total trade og well as favourable balance.
Unprecedented Revenue Discussing the question of Japan's continued prosperity, Mr. Ginjiro Fujiwara, president of the Oii Paper Manufacturing Company and one of the nation's outstanding industrialists and financiers, attributes this to the steady increase in foreign trade, particularly of exports, during the ast three years, "Some people," he says, "maintain that Japan's prosperity is the result of inflation and others attribute it {o the boom in the munitions industry. While T do not deny that these two factors have had a tremendous effect in restoring prosperity I am inclined to think that the fundamental reason for the improvement is the Heady Increase in foreign trade, and particularly of exports."
"According to Mr. Fujiwara more than a billion yen has, poured into Japan during the past years. He is optimistic regarding the future despite reports of plans of the various nations to set up high tariff walls against Japanese products. "It there fs any cause for anxiety it is to be found in social and economic unrest."
Text read from the printed page and cleaned; old type leaves the occasional error.