Business & Finance: Up from the Bottom

The Japanese, whose postwar comeback in textiles has given U.S. and British competitors something to worry about, were making the same kind of progress in another field last week. In Tokyo, Japan's top shipping firms, who came out of the war with a total of only six seagoing ships, were advertising 23 sailings a month to Southeast Asia, the U.S. and Africa. On the Tokyo-to-New-York run, the busiest postwar route, Japan now has 47 fast (16-17 knots) new freighters.

Down to 1,300,000 tons (796 ships) at war's end. the Japanese have almost doubled their...

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