Japan's entire economic. Systen be placed on a war footing early September after passage of nec legislation by the Diet convoked in five-day emergency session, The Cabinet decided this course this morning.
Convened on Sept. 3, the session will hear the Government's explanation of the aggravation of the Sino-Japanese! situation and will be urged to strengthen national unity to pull through the emergency.
A third supplementary budget bill will be presented to the Diet in ad dition to emergency economic legisla tion, Under the terms of the projected law, the Government will be empowered to control foreign trade, industry, invest ment capital and consumption, Tt will also aim at the maintenance of the pres: ent rate of y exchange of is, 2. and the in nf 3.5 per cent, for in terest—Domei
Text read from the printed page and cleaned; old type leaves the occasional error.