FOREIGN TRADE: Reopened Door

In a dingy Tokyo office, Japan's first postwar deal in foreign trade was ceremoniously consummated last week. While klieg lights glared and cameras whirred, S. A. Stolaroff, vice president of New Orleans' United China & Glass Co., signed up for $62,000 worth of chinaware from several small Japanese companies.

Little else in the reopening of Japan to world trade had been run off so smoothly. Of the 114 foreign businessmen—75 of them from the U.S.—who had accepted SCAP's invitation to resume trading there were few without serious complaints.

Creaks & Cobwebs. Soon after their arrival, they learned that they would have...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!