JAPAN: Advent of Shishi

The resignation of Baron Giichi Tanaka, grizzled seadog, and the advent of Yuko Hamaguchi, tall, shaggy economist, as Prime Minister of Japan (TIME, July 8), seemed last week to portend two changes of international interest: 1) increased calm in China; 2) Japan's co-operation at the imminent five-power naval reduction conferences.

To the two reasons popularly given for the fall of the Tanaka government—lèse-majesté and the Manchurian murder of Chang Tso-lin—Tokyo businessmen added a third last week. Baron Tanaka's "Positive Policy" of intervention, vigorous protection of the Japanese colony in Tsinanfu, had brought...

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