POLICIES & PRINCIPLES: Down to Size?

How great a reduction in Japanese industry would be necessary to make Japan permanently harmless? How much industry must be left in Japan to support its 77 million people? U.S. reparations, experts last week were a long way from the answers to these related questions, partly because the Japanese were not being helpful in furnishing accurate information on which the answers could be based.

Serious discrepancies had already appeared in Japanese financial and industrial reports to General MacArthur's headquarters. Example: silver bars. When U.S. officers found an unreported hoard of silver concealed under a pile of steel scrap in a...

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