Mr. Hoshino Explains New Economic Structure economic "litel lies to the south, Mr. Naoki Hoshino, Gover-
The "Miyako" pointed out that the nor of the Planning Board. told the P°
United States aid-to-Great Britain policies may lead to America's participation in the conflict between Britain and the Axis.
"Japan now is paying atmo attention to the question whether o not a Japanese-American war break out," the newspaper said.
"There is no reason to be depres should it occur and we are not dis: cussing it fearing that eventuality.
"Neither are we discussing th question from the fear that war m not break out on grounds that this would be a disappointment." declared the "Miyako."
Japanese people are seriously con-the United States "without fear, with out confusion. without excit and are only proceeding along path of their convictions witha: morse." the daily asserted.
"If it can be avoided by means, we wish to avoid cor tween two great Power: res of the Paci! miyako."
It was pointed out however. tha settlement of Japan-Amfericea c ferences alone will not guarantee such a clash can be averted, "Japan will not be able to an American attack upon Italy Germany, followin strengthening. of the United States' present policy aiding Great Britain," the news pa; stated, The "Miyako" remarked th: can only watch America House Committee this morn ug, expound the objective of the new nati hal economic structure.
Hoshino held that proposed here embracir Japan. ce id no stern portion of was included.
Responding interpellation by Hatsutaro Haraguchi. Mr. Ho-said the basic objective of the nal economic structure was sh self sufficiency" in Greater East Asia in which Japan, China and Manchoukuo wou form one bloc by establishing various essential justness through utilization of raw materials found sphere in orde that we may achieve really independent and untrammelled economy." pointed out that the world's na-have entered a new period o! lationism through development of bloc economy. He asserted the estabment of a common economic sys-Japan, China, and Manchoukuo sential to maintenafice of our ational prestige."
bloc could not operate without the inclusion of eastern South Seas declared, deploring some countries "do not understand What creation' of the ce-prosperity re simifies."—Domel.
Text read from the printed page and cleaned; old type leaves the occasional error.