Another announcement by the Japanese Finance Ministry states that Japan's exports to t! n-bloc countries ing the whole of 1938 amounted to Y¥.1,182,261,000, an increase of 41 per cent. over 1937, while the imports were valued at Y.565,359.- 000, an increase of 28 per cent. over 1937, The export excess, or favourable balance, was thus Y.616.902,000, an increase of 5 per cent. over the export excess of 1937.
According to the statement, the total 1938 exports to Manchoukuo amounted to Y.316,323,000, to Kwantung Leased Territory Y.536.284.000, and to China Y.312,900.000 (including 198,639,000 to north China and Y:114,077,000 to central China).
It should be explained that while Kwantung Leased Territory, of which the port is Dairen, has the de facto status of a Japanese: province, goods sent there are treated as exports and the bulk of them proceed inland into Manchoukuo.
Oficial figures from Changchun, the capital of Manchoukuo. state that imports from Japan during ' 1938 amounted to Y.979,164,000. This is greater by Y.126,577,000 than the d totals of Japan's exports choukuo and Kwantung Leased or Y.952607000, as given by the Japanese Finance Ministry. The discrepancy probably is caused by Manchoukuo having brought in from Dairen goods sent there by Japan during 1937.
Menchoukuo's total imports in 1938. according to the Changchun announcement, amounted to Y.1,271,191,- 000, while the exports were valued at Y¥.714,374,000, leaving an import cxcess. or adverse balance, of Y.556,- 817,000, which of course is a record for that seven-year old country, and almost as big as Japan's adverse balance was in 1937.
Manchoukuo's exports increased ¥.69,076,060 over those of 1937, but the imports increased Y.383,779,000. Nearly all the latter increase was due to the trade with Japan. from which country the imports increased Y312,- 000,000 over the 1937 figure. Manchoukuo's 1938 exports to Japan were Y.411,442,000, and as the imports were ¥.979,184,000, the import excess visa-vis Japan was Y.567,742,000.
Text read from the printed page and cleaned; old type leaves the occasional error.