FINANCIAL TIMES ARTICLE ON JAPANESE TRADE WITH CHINA

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP62-00647A000200110002-7
• Release Decision: RIFPUB
• Original Classification: U
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: March 21, 2000
• Sequence Number: 2
• Publication Date: September 23, 1953
• Content Type: DISP

FROM
TO
RF
Id For RelassMtgalialaasDCIA-1DP62-100647A000200f100112
przioRmy (Security Classification)
493009194126
FOREIGN SERVICE DESPATCII
1803779
AMEMBASSY LONDON
1147
DESP. NO.
THE DEPARTMENT OF STATE. WASHINGTON.
September 230 1963
DATE
Foirfr ept.
Use Only
ACTION DEPT.
X
RECD F OTHER
0
vat AR TX OTT
11111CaL_NOi_ift_OSILANNIKA1111371_11121__
SUBJECT: fulnanflal Times article on Japanese Trade with China
=ON
In an article datelined Tokyo, the FinanSial Times of
September 22 carries an article dealing with the iniiiirots of
increased Japanese trade with ,China as a result of reeent,
relaxations in the Japanese embargo. According to the article,
the United States had yielded to strong pressures from the
Japanese Government for relaxation by agreeing to the removal
from the embargo lists of 11 items. The items arts cauStie
_wilt, wire netting, microscopes, ammonium sulphate, and *tXcs
blotters. Other items are not named.
According to the article, the Japanese Minister of Trade
estimates that the relaxations on the above items should 1st..
crease trade by $10 to $15 million a year. However, trade '
authorities and Japanese businessmen are dissatisfied with tlaw
amall number of items agreed for relaxation. They feel that
Chinese interest in the items approved for export has now
slaokened and that in any event high Japanese prices and pre4b
Vious Western European sales would reduce the prospects of
increased trade in some of the items, particularly anti4siotios
and drugs. Hope was expressed for increased exports only in
the fields of caustic soda, wire netting, and microscopes.
Considerable attention in the article is devoted to the proa..
peete for increased exports Of ammonium sulphate. The article
states that an additional 639000 tons will be produced in the
next six months and further production may be necessary if
additional orders from Korea materialize5
tbs article -further states that the "Washington ruling*
that such items as pipe joints, motor?tricycles, midget ears,
scooters, and baby carriages are still considered strategies
came as a surprise to Japanese manufacturers. It is also
UNCLASSIFIED
INFORMATION COPY
Retain in divisional files or destroy in accordance with security regulations.
State Dept. declassification & release instructions on file
Approved For Release 2000/08/23 : CIA-RDP62-00647A000200110002-7
Page ? 2114# Page of
Desp. N Ittivait) p roved For Rel a stawairaz C IA-R OP62 - 47'000 2001 1 0002 -7
Emm . esp. ?o.
(Classification)
From_
alleged that Japanese manufacturers will not be satisfied with
the present drive towards relaxation until the ban on exports
of machinery and machine tools to China has been lifted.
Tile article quotes Mr. Takio Oda, Director of the Foreign
Office Economic Bureau as stating that the Government was
ready to facilitate the trip of a trade and political mission
to China and would welcome a similar mission from China.
Kathleen Melesworth
Commercial Attache
Frank D. Twylor
Attache
UNCLASSIFIEr
Approved For Release 2000/08/23 : CIA-RDP62-00647A000200110002-7