Tokyo, Aug. 11 Public opinion in the United States being considered here as the baron metre of relations between America and Japan, keen interest is being evinced by leading circles here' in the view held by the American press that the statement of foreign policy just published by the Konoye Government leaves little room for improvement inj Japanese-American economic relations, the "Japan Chronicle" said to-
Trade between Japan and the United States has been declining steadily, particularly since the ban placed by Washington on the export of machine tools, scrap iron and petroleum. Orders for goods for the Christmas markets received in Japan from America show a marked decrease this year as compared with an a twelve month period. This is causing concern in exchange circles.
Silk exports, the most important item in Japan's trade with the United States, have been very poor so far this year. They never exceeded 20,000 bales a month except in July when they reached 21,000 bales. Compared with the corresponding month last year, even July exports showed a drop of one-third.
The declining trade between the two countries is expected to become more conspicuous in view of the present international situation, Japan will- become less dependent on America and it is therefore considered necessary that the industrial and trade systems in Japan be adjusted without delay.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.