FOREIGN TRADE: Back in Business

The U.S. 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 Co.

Until now U.S.C.C. has monopolized...

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