rumours are still rife all over the capital as to the decision on policy taken at the Imperial Conference on July 2, seasoned Japanese observers assert that the Conference could only have-decided to await further international developments, without engaging Japan's forces in any military or naval action before sufficient time has passed for a good idea to be formed of the outcome of the German-Soviet war.
For the man in the street, however, the Conference must have either decided to move northward with Vladivostok s the main objective, oF resume the southward drive inter rupted following the establishment of Japanese bases in Tonkin, One thing is certain, however, and that is that secrecy lias been well-observed,
Text read from the printed page and cleaned; old type leaves the occasional error.