Word: japanned
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Dates: during 1940-1949
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...Without consulting either the State or War Department, General MacArthur proposed for Japan...
...Reparations from Japan...
...Tokyo suburb of Tamagawa, the afternoon of Sept.11, 1945 was sultry. A sweating pack of Allied war correspondents waited restlessly outside the neat little house of General Hideki ("The Razor") Tojo, wartime premier of Japan. Tipped off that General MacArthur had ordered the hard-bitten little war lord's arrest, the newsmen had scrambled out ahead of the Army detail that would take him in. They grew impatient, sent a Japanese in to offer him a lift into town if he'd surrender to them instead. He refused to emerge from his study...
...Japan will be opened to private trade on August 15. So the War Department announced this week. But trade will be small at first. Only 400 businessmen will be admitted into Japan, under allocations to the Allied Nations by the Inter-Allied Trade Board of the Far Eastern Commission in Washington. And SCAP must approve the traders. To make sure that businessmen already in Japan do not jump the gun, no deals can be made until September...
Traders were warned that there is no large quantity of manufactured goods available, that Japan is still critically short of raw materials and has no money to buy them. In short, trade must be developed. Before the war, in a typical year like 1938, Japan imported U.S. goods worth $260,667,000, sold the U.S. $123,836,000. How much of the prewar imports U.S. business could buy, or would want to, nobody knew. The market for silk was drastically reduced (TIME, May 26). For some time, at least, it looked as if trade in other items -fish, tea, cotton...