Show Y S L 5 l S S S Yih j Japans Japan's Exploded plo ed Bubble I C HOSE wh who closely watched watched the the trend of affairs in Japan Japan- esp espe- especially J lally during the past three or four years could not have been been surprised by the cable reports of of the pricking so suddenly of NipS Nip- Nip S ors s industrial bubble that it resembled more of an explosion than I deflation JJ f Japan apan waxed much fatter than any other nation as g the result o Je c ssi e pr profits fits made possible possible possible-by by the world w war r. r Compared h 4 J ese profits the cost of Japans Japan s war ar operations amounted moun r ly to Because of t the te f from ad- ad nothing g. g eCtus profits profit accruing prices on everything Japan was able to produce and muc much v p which was sent to markets formerly controlled by o one or another another f the various European countries at war the J Japanese became prodigious buyers as well as sellers Evidently they thought they a trade stranglehold upon upon the world Prices of everything y o and the stocks of t all kinds of producing producing- and exporting I f ni s expanded all out of f proportion to their intrinsic value I J to fo demand its share of the profits unions w were re org organ organ- n I S 1 J y yr r night and str strikes kes or threatened s strikes br brought g ht about adS ad ad- I vj WI in es in wages to POl points tS' tS never before even ven drea le of f by y the theS the S W working classes of the island monarchy S S Then Then something happened As previously related possibly ly the t. t I United States States was t the e first to stick a pin in Japans Japan's bubble by br d i enl ceasing its previously pre unheard of pf demand den a for silks while iI je European countries and principally England began tc to regain S A r i 1 markets invaded by Japan while they were engrossed in the We war l f After fter a ten days 1 slump in prices the silk cotton a arid and d rice ex ex- ig g of Japan closed on April 16 46 with the resultant loss to p in Tokio alone alone of of about SNow Now OW industrial plants ar are discharging by by bl bythe th the hunI hun hun- I r q nd thousands many plants are closing down entirely oth others rs s working only part time business of all kinds is I. I corning coming to a a a and the government ent has has has' been een compelled to tb go to the he thee J e 7 of several ver l bl big banking g establishments s. s S S Americas America's enca inflation while unhealthy did not compare to o that tha 4 1 Japans Japan's ap an's ans still the sad experience of our ca casual friends across the Pacific r iS i ic might be considered in in the light of an exa example S S SS SS SS S t S S S |