Show Jap Cabinet Reluctant To Break Monopolies TOKYO YO Oct 19 UP Thc UP-Thc The Japanese cabinet Friday balked it at Immediate action on Gen Cen Douglas Douglas' MacArthurs MacArthur's demand that Industrial Indus trial monopolies be broken up A Japanese source said ald the cabinet cabnet cab cab- net met discussed the demand for some come sometime time at Fridays Friday's meeting but failed to reach a decision The issue issue- concerns the very foundation of the Japanese Industrial industrial industrial Indus indus- trial system and has Immediate reaching far-reaching effects on the peoples people's livelihood the Informant said In explaining the governments government's apparent apparent apparent ap ap- ap- ap I parent reluctance to take We Immediate immediate immediate immedi immedi- ate action Even before the cabinet meeting meet meet- ing ng Foreign Minister Shigeru Yoshida Yo- Yo shida told a a. press conference ha he doubted that dissolution of ot the old Zaibatsu Zaibatsu such such family Industrial trusts at Mitsui Mitsubishi and would would benefit Japan Inthe in inthe inthe the long run mm He contended It was mainly through the efforts of ot these es established established established es- es monopolies that Japans Japan's trade was originally built up to a point FoInt where the thc nation prospered The Tho old Zaibatsu built up their enterprises In times of ot peace pence and they were the first to rejoice in the ending of or the war Yoshida said Only the new Zaibatsu so Zaibatsu so numerous numerous numerous nu nu- nu- nu I r cant can't give their names cooperated with the military during the war he ho contended Yoshida attempted to draw a parallel with large industries In Inthe inthe n the United States American Zaibatsu such as the munitions industry pT prospered T o 0 S p per e r e c d through war orders and I should think there were not a few who preferred prolongation of the war warin warin warin in order to continue thir profits he said As liAs far as the old Zaibatsu of oC Inpan Japan Japan Ja In- Ja- Ja pan arc are concerned their fortunes were made in and they desire peace in order to continue their thel pursuits He argued that some large Japanese Japanese Japanese Jap Jap- anese Indus Industries operated at a great loss during the war A A. number were forced to build ships and aircraft at a loss Joss he said Asked by a newsman if he were connected with Mitsui Yoshida re replied replied re- re plied piled Unfortunately not MacArthur submitted his de demand demand de- de mand for dissolution of ot Japanese industrial monopolies to Prime Minister Baron Kijuro during a personal conference at the I supreme commanders commander's headquarters Oct 11 MacArthur said he desired wide distribution of Income and ownership ownership ownership owner owner- ship of the means mean of production and trade American sources long have contended contended con- con tended ended that such family amily industrial trusts rusts as Mitsui Mitsubishi Yada Yas Yasuda Ya- Ya s suda da and helped fina finance cc then hen exploited Japans Japan's conquests in China and the Pacific Yoshida also told his press conference conference conference con con- ference that he believed the present present present pres pres- ent Japanese constitution was was was' democratic but conceded that it should be revised because it has been jeen misused in the past and might be again The military interpreted the constitution to suit Its convenience convent convent- ence he said Yoshida disclaimed knowledge of how low long it would take to revise the constitution but paid laid the cabinet cabinet cabinet cabi cabi- net and the emperors emperor's advisers would work together to attain results re- re suits as soon as possible |