Japan Is feeling the pinch, says the pally Telenraphe In commenting to:
duper new step te monica for cancer resources n I seizes ews thet wrt the full pro: Visions" of the Nationalization Ket wil be brought ito fore catty a New Years "Shorn of circumlocution," says the journal, "this means that Japan is eling'the pinch of her adventure in China, and sees herself compelled to bring her productive system under Figid contro! by the Government.
"The step is not altogether surpris-for the Government appears to doing no more than exorcise the full powers already conferred upon it but hitherto only partly implemented. Clearly, Japan is about to resort to what we call wartime economy, but what, in her case, more likely' portends 9 permanent'state of regulation of her economic life, at any rate so ong as the present' semi-dictatorial regime remains in power.
"Japan, it is true, has not yet adopted a professedly totalitarian sys-tom, but she is taking a long step towards the German' exemplar."
Text read from the printed page and cleaned; old type leaves the occasional error.