Although the net result of the elections in Japan is to confirm the status quo, it is noteworthy that the liberal" vote has been more active than was. "expected by some commentctors. Generally the country Is to be gratified at the evidence of its political stability. Whatever differ~ ences of opinion may be current regarding the trend of Japanese policy, there will be agreement in the desire among responsible observers to seo Japan maintaining that national sulidarity which is so important at the present time, when economic and Mnancial anxieties are specially pressing. The signs'of disagreement within the nation seem just now to be more} discernible in the military section of the administration. In that respect the elections may have a salutary me fluence, for the Government will find renter support for a. conservative finance policy which, in turn, should have due weight over other policies within ite direction. There is come ground for the belief that gradual realization of the effect of uncertainty fon financial commitments is gaining acceptance in Japan. Moreover the financier, who foots the bill, is the first to recognize the dangers of press-Ing the doctrine of isolation too far. Then again, military adventures are apt to find awkward reflection balance sheets. If some kind of limit can be ascertained in their regard, all may be well, but even the most patriotic investor 1s bound, sooner or Inter, to ask when he may expect o see return for his money. The Japanese Foreign OMfce knows that it can count on the goodwill of the world at large provided it be able to subscribe to. certain recognized principles of ce-operation. Tis ability and its readiness cannot be doubted, but obstacles have been frequently thrown in the way of their exercise. With ¢ mellower mood pervading the Japarese scene, it may perhaps possible to hope for a firmer express sion of Tokyo's faith in International amity.
Text read from the printed page and cleaned; old type leaves the occasional error.