Also announced last week: the terms of the momentous Japanese peace treaty, to be signed at San Francisco on Sept. 4 by the U.S., Great Britain and some 50 other former enemies of Japan. Main points:
¶Japan becomes a fully sovereign nation with authority to rearm or develop its economy as it pleases.
¶Japan is eligible for U.N.. membership.
¶The occupation of Japan ends 90 days after the treaty goes into effect but the U.S. will sign a separate agreement to per mit its forces to keep air, sea and land bases in Japan.
¶Japan will pay no cash or material reparations, but will...