Tokyo, May 14.
The Japanese Foreign Office will instruct Mr. Mamoru Shigemitsu, Japanese Ambassador to England, to open negotiations in London for a readjustment of Anglo-Japanese trade relations, Domei learned today on good authority.
Through the projected negotiations in London, it was learned, the Japanese authorities hope to arrive at some solution to commercial problems pending between the two countries, and also the adjustment of future Anglo-Japanese trade relations.
The Japanese Foreign Oflice, realizing the growing inactivity of trade intercourse between Great Britain and Japan which was brought about by stringent war control of all British exports and imports, as well us foreign exchange, has been conferring with the Finance and the Commerce and Industry Ministries to find some means by which the situation could be eased.
It was further revealed that there has been an exceptionally sharp decline in Japanese exports to the sterling bloc due to the slump of the pound sterling.
Although nothing definite was learned as to what will be discussed between Mr. Shigemitsu and British officials, it was believed that a lessening of the restrictions on Japanese exports to Great Britain and exports to the sterling bloc countries will be studied.
An agreement on the pound-yen exchange rate and an understanding regarding British and Japanese trade intercourse with other nations also are expected to be discussed, circles close to the Gaimusho declared.
Domei.
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