Tokyo, Mar. 10.
'Y developing the resources of Manchoukuo and occupied China ito the fullest extent, Japan should be able to hold her own in: the event of an all-out economic war with the United States.
This is the opinion of Dr. Kennosuke Kinbara, professor of economy at-Hosei, University, writing in the university's organ, the "Hosei Daigaku Shimbun."
He admits that Japan has expended a tremendous amount of material because of the China war, but at the same time states that she has gained access to valuable new material resources.
In the event of a conflict between Japan and the United States, the Professor declares, it would be extremely difficult for their armed forces to come to grips in a military sense, wherefore it is probable that strategy on both sides would be directed towards economic paralysis Dr. Kinbara continues: "Economic wars are fought in two ways nega-live and positive. A positive economic war is one aimed a£ impairing the economic strength of the enemy. Negative economic warfare is characterized by the imposition and en-
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