"Let us next consider what Japan would do, should the import of Japanese goods into those countries resorting 10 economic pressure be prohibited. I am reminded in this connection of the outcome of the Manchurian Incident. At the earlier stage, it was China that was played upon problem of unemployment. On account of the present conflict with China, the productive capacity of various industrial plants has been expanded, and labour shortage is being experienced. The demand for labour is bound to become keener in view of the situation necessitating the production of those articles imported heretofore.
"Should other powers interfere with Japan's export trade, the surplus of labour created thereby would be used for increasing the productive capacity, which is urgently needed. There would be no room for unemployment or any other social problems, while various lines of industry make satisfactory progress. Mean-lo the new regimes which will spring up in various parts of China, will be a great help for the expansion of Japan's China trade.
"As in the case of the Chinese boycott of Japanese goods at the time of the Manchurian Incident, which was instrumental in developing Japan's trade with Manchoukuo, any pressure which Britain, the United States and France may bring to bear on Japan's foreign trade, will accelerate the expansion of her China trade. What Japan loses on account of the British, American and French pressure will be more than made up in China.
Text read from the printed page and cleaned; old type leaves the occasional error.