Press translations [Japan]. Economic Series 0081, 1945-12-20.
Date20 December, 1945
RepositoryRauner Special Collections Library, Dartmouth College.
Call Numbereconomic-0396
Call NumberDS801 .S81
Persistent Identifier
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ECONOMIC SERIES: 81
ITEM 1 Supplementary Budget for Public Works in Toyama-Ken - Hokkoku Mainichi - 12
Dec 45. Translator: S.
Zwata.
Summary:
The TOYANA-Ken, Authorities introduced the 1945 supplementary budget for public works
restoration expenses, amounting to
26,975,049 yen before the Ordinary Session of the Prefectural Assembly. This Assembly
convened to complete the emergency
repairs of roads, bridges, embankments and shores, which were damaged by winds and
floods from February to October, 1945. This
repairs are being carried out for the people's welfare, for the development of industry,
and for the relief of unemployment.
The following figures give details of the works:
| TYPE OF PUBLIC WORKS. | NUMBER | EXPENSES (YEN). |
| Embankments | 241 | 18,893,819 |
| Breakwaters | 35 | 3,758,573 |
| Restoration of Walls to Prevent Sand Encroachment. | 7 | 114,872 |
| Roads | 180 | 1,375,900 |
| Bridges | 29 | 876,291 |
| Surveying | 1,000 | |
| Miscellaneous | 1,049,320 | |
| Auxiliary Public Works | 905,346 |
The funds for these expenses come from transferred accounts (649 yen), subsidiary
budget accounts (17,572,000 yen), and the
floation of loans (9,402,000 yen). Furthermore, 60 per cent of the expenditures for
public works construction are subsidyed by
the National Treasury, and the other expenses which are to be paid by floating loans
will lighten the people's burden
considerably. Such an expenditure for public works has never yet been experienced
in this prefecture.
ITEM 2 Shipbuilding Industry to Be Used for Reparations - Yomiuri Hochi - 14 Dec 45.
Translator: R.
Shibata.
Full Translation:
The report by Ambassador PAULEY has clarified for us the American policy on reparations.
According to the report, equipment
from about twenty shipyards is to be removed. The problem of what kind of
ECONOMIC SERIES: 81 (Continued)
ITEM 2 (Continued)
equipment will be taken away and what plants will be left has created a great sensation
among Japanese industrialists,
particularly in the shipbuilding industry, which is the only heavy industry left in
JAPAN at present. An earnest study of the
problem is now being made.
The fundamental principles under which the Allied Powers are acting are:
- 1.JAPAN must be prevented from re-establishing her heavy industry through shipbuilding.
- 2.The financial clans (ZAIBATSU) must be made incapable of recovering their power by means of the shipbuilding industry.
- 3.The Japanese shipbuilding industry must be absolutely prevented from ever recovering sufficiently in the future to compete with the Allied Powers.
- 4.The removal of equipment must be carried out mercilessly and without regard for the rise and fall of any company.
In its positive phases the policy includes the following two points.
- 1.According to the POTSDA' Declaration industries producing civilian goods are to be permitted to exist to the extent that it is necessary to stabilize Japanese national life. (In this connection, Mr. PAULEY stated that permission will be given for the building of ships of less than 5,000 tons).
- 2.Equipment necessary for the repair of shipping of the Occupation Forces will remain.
The specific items to be removed, therefore, are:
- 1.Equipment held by the financial class.
- 2.Large scale equipment.
- 3.Superior equipment (including foreign-made machines).
- 4.Equipment involving whole phases of production (complete units are to be removed instead of individual pieces of equipment).
The shipyards to be handed over for reparations are:
(1) Several of the six MITSUBISHI yards, (2) One of MITSUI's shipyards, (3) three
of NIPPOF Steel Co. plants (NIPPON KOKAN),
(4) two of KAWASAKI Heavy Industry (KAWASAKI JUKO) plants, (5) one plant of the URAGA
Docks, (6) five of the HITACHI shipyards
(HITACHI ZOSEN), (7) three of the KAWANAMI Shipyards (KAWAWAMI ZOSEKI), (8) FUJINAGATA
Shipyards (FUJINAGATA ZOSEN), (9)
HAKODATE Dockyards, and (10) ISHIKAWAJIMA Shipyards (ISHIKAWJIMA ZOSEN).
Also to be handed over are any remaining medium-sized shipyards capable of complete
production of ships.
ITEM 3 Former NAKAJIMA Corporations will Continue to Produce Commodities for Civilian
Use - Nippon Sangyo
Keizai - 15 Dec 45. Translator: T. Okamura.
Full Translation:
"Production of commodities for civilian consumption will be carried
- 2 -
ECONOMIC SERIES: 81 (Continued)
ITEM 3 (Continued)
on by all subsidiary factories under the jurisdiction of the former NAKAJIMA Concerns,
in line with the directives issued by
General Headquarters," stated Mr. NAKAJIMA, Otsumihei, President of the FUJI Industrial
Company, formerly called the NAKAJIMA
Aircraft Manufacturing Company.
The FUJI Industrial Company and the MIZURO Industrial Company, formerly the MAKAJIMA
Aircraft Metal Manufacturing Company, at
their general meeting of shareholders on 15 November decided to establish small factories
by reorganizing all their former
plants. They have been conducting preparations for the reconversion of former munition
factories into peacetime industries by
authorilization of the Ministry of Commerce and Industry. These corporations, however,
by the 12 December directive of the
Supreme Command, ordering the freezing of assets of corporations managed by the ZAIBATSU
and other major shareholding
companies, were compelled to drastically alter their established policies.
In connection with the new policies of his corporation President NAKAJIMA said, "Directives
from the Supreme Commander to the
ZAIBATSU are summarized in three points. They are, first, to stabilize national life
by developing peacetime industries;
secondly, to democratize all industrial and economic structures; thirdly, to enforce
payment of war indemnities in kind."
According to the former munition industry magnate, it is necessary for any corporation
to start producing commodities for
civilian use at the earliest possible date, in order to meet the requirement of the
Supreme Commander, which aims at the
stabilization of national life.
President NAKAJIMA went on to say, "If the breaking up of ZAIBATSU is necessary for
democratization of JAPAN, we should act as
directed by the Supreme Commander. It is only natural, therefore, that heavy industrial
equipment and accommodations belonging
to the ZAIBATSU be taken away as indemnity first, for such are only fundamental measures
essential in dissolving the structure
of the ZAIBATSU."
Mr. NAKAJIMA said that his corporations were all conducting preparations for early
reconversion from war to peace industries.
"Even those factories which are anticipated to be taken away as indemnity are also
preparing reconversion in order to produce
civil commodities until their workshops are ordered to close at the irrue of another
directive," President NAKAJIMA said.
Speaking of new corporations which are allowed to be established, at the general
meeting of shareholders held on 15 November,
Mr. NAKAJIMA said that he wished to realize the project as scheduled. He did not think
that General MacARTHUR would disrupt
the established plans of his corporations, since all plants are not to be handed over
immediately. He revealed his intention
of utilizing all subsidiary corporations under separate management, and said, "All
available corporations under the
jurisdiction of these two vital holding companies will be managed as independent organizations
by severing their accounts from
their holding companies. "When these minor corporations start operating on their independent
accounts, I shall ask the Supreme
Commander to release their assets, and then I think we shall be authorized to establish
independent corporations."
- 3 -
ECONOMIC SERIES: 81(Continued)
ITEM 3 (Continued)
In conclusion NAKAJIMA said, "I believe to do so, is to follow the directives of
the Supreme Commander, and this means
industrial democrotization. At present some of my corporations are producing raw materials
for reconstruction work, and we
intend to manufacture goods for civilian use on a larger scale hereafter."
DISTRIBUTION "X"
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