Word: japanned
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Dates: during 1940-1949
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...Washington, Herbert Hoover said bluntly that since Russia is the chief obstacle to making peace, one way to have peace is to make it without Russia. Specifically, he proposed that 1) the U.S. sign a peace treaty with Japan at once, 2) a peace treaty with Germany if the meeting of the Council of Foreign Ministers breaks down in London next November. Russia should be given that last chance, he said. If she would not come along, the U.S. should go ahead without...
...took the first cautious step last week to open Japan to private foreign trade. A Government trade mission arrived in Tokyo to survey Japan's shattered industry. The mission wants to find out what Japan can make, what raw materials will be needed, and how material imports can be financed. Then, some time this summer, it hopes to lift the ban on private trade. Even then, trade will be strictly regulated, and bulk commodities like tea, raw silk, and cotton goods will still be handled by the U.S. Commercial...
Until now U.S.C.C. has monopolized Japanese foreign trade. Its job of reviving Japan's biggest export industry, textiles, has been good enough already to make Chinese textilemen cry that they have been betrayed, and U.S. textilemen are grumbling. The Chinese had expected to have at least ten years to build up their own textile industries before there was any Japanese competition. But of the 12 million prewar Japanese spindles, 2.5 million are now operating, thanks to shipments of 900,000 bales of cotton owned by the Commodity Credit Corp. Some 90% of the cotton goods is being exported...
U.S.C.C. may run into trouble on another front. Mississippi's Senator James Eastland recently talked the Army into using only American raw cotton in Japan until at least the end of 1947. Other big raw cotton exporters, like India, one of U.S.C.C.'s best customers for Japanese cloth, are sure to fight for their prewar share of the Japanese market...
Surplus Silk. U.S.C.C. has already badly snarled Japan's exports of raw silk by paying no attention to the fickle taste of U.S. women. After five silkless years, they had learned to like Nylon better than silk in stockings, slips and girdles. Nor did U.S.C.C. mind its economic law. The first silk shipments sold at an average of $9.79 a pound. But as more silk came into the U.S. the auction price skidded until it hit $4.70 last February. Manufacturers who had been caught in the falling market stopped buying. To protect them, U.S.C.C. pegged the price average...