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Press translations [Japan]. Economic Series 0134, 1946-01-07.
Supreme Commander for The Allied Powers. Allied Translator and Interpreter Section.

translation-number: economic-0652

call-number: DS801 .S81

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No. 652 Date: 7 Jan 46


ITEM 1 Establishment of New Company To Aid Civilian Industry - Sangyo Keizai (TOKYO) - 4 Jan 46. Translator: T. Ukai.
A considerable number of unfavorable conditions came into existence after the termination of the war and have greatly reduced the activities of civil industries; if this tendency continues a serious situation will face us, encouraging the growth of inflation and the black market. It is not difficult to find the main causes of this tendency: the very poor prospects of making supply meet demand for basic commodities such as food, coal, iron, steel, etc., and the black outlook in the economic world as a whole. There is also the factor of a [illegible]ull money market.
However, we must refer ourselves to a factor which is playing an important role in inviting the general depressive tendency of civil industry, but which is usually seldom mentioned owing to its seeming insignificance. That is the problem of switching over munitions industries to civil industries. At the end of the war, various munitions industries such as aircraft, warshipe, arms, etc., contrived to convert themselves into civil industries, and some of them are already in production. Yet, if we examine their real condition more closely, we observe among them a paralyzing influence which checks and hinders their will to undertake work. This influence is nothing more than the fluctuating or wholly negative view now prevailing with regard to the money market. The problem is a result of the suspension of the national guarantee to pay for half-finished articles, articles in the first stages of production, etc, and is, whether or not the articles are to be paid for, and if so, when. At the same time, it is known that munitions industries will have to pay taxes on property and war-profits, and also they can not escape the reparation problem.
The plan of the Industrial Bank (K[illegible]GTM), to set up a new company to deal with this suffocating condition of the money market with regard to munitions industries and the sound establishment of civil industries in general, has been finally deliberated. It has been decided to place it before the Ministries of Finance, and Commerce and Industry at the earliest opportunity this month, and to urge its realization. Since both Ministries are most sympathetic, the plan will be put into effect in the near future and the general future of civil industries will be set in order.
The company proposed by the Industrial Bank bears the same relation to its parent company As the Second JAPAN Steel Company (DAI NI NITTETSU) to the JAPAN Steel Company ([illegible]ITTETSU). Its general design is as follows: The majority of munitions industries at present have

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ECONOMIC SERIES: 134 (Continued)
ITEM 1 (Continued)
their capital virtually tied up by the government guarantee, based on contracts with the Government; plants will be unusable in the future because of reparation's committments. Therefore, without attempting to alter this state of affairs, the proposed company will take the form of commission management in respect to the installations and [illegible]and resources, of these industries.
For example:
Establish a new company with a capital of 195,000 yen, whose stocks will be open to the public and which is beyond the reach of the Fund Adjustment Law (SHKIN CHOSEI HO).
Allow the former munitions industries to lease out the remaining equipped plants, means and resources under commission management to the new company, the latter required to pay for the use of the same.
While the proposed company needs only floating capital, this is to be circulated by the Industrial Bank.

In this way, the proposed company can afford to manage independently tied up capitol, and, may serve as a promoter of the through going rationalization of industries as they are, preparing a sound basis for the reconstruction of civil industries.
ITEM 2 New Type of Vessel Built at TSURUMI Dockyards - TATSUISE Maru on Maiden Voyage to MURORAN from YOKOHAMA January 5. - Tokyo Shimbun - 5 Jan 46. Translator: T Ukai.
Full Translation:
In line with the MacARTHUR directive to build new vessels and repair old ones, 24 hours a day of continuous labor in various shipyards such as the Mitsubishi YOKOHAMA Docks and the JAPAN Steel Company's (NIKKO TSURUMI ZOS[illegible]) docks in TSURUMI, have at last borne fruit. The TATSUISE Maru (690 tons), owned by the Tatsuma Steamship Company (TATSUMA KIS[illegible]), which was completed late in the year at the TSURUMI Dockyard, will sail on her maiden voyage on 5 January, leaving YOKOHAMA for MURORAN, HOKKAIDO.
On her outward voyage she will be loaded with commodities for the Occupation Army, and one, on her homeward voyage she will carry a full cargo of coal end pulp, which HOKKAIDO has had so much trouble shipping.
The building of the TATSUISE Maru which required 85,000 workmen and an expenditure of 7,000,000 yen, is one of the larger standard types, with a short square shape stern. The inner construction, where the machinery of the vessel is located, is very simple.
ITEM 3 The Establishment of a Union Among Officials of the Tokyo Imperial University - Yomiuri Hochi - 5 Jan 46. Translator: K. Sato.
Full Translation:
The unprecedented rise in prices has threatened the livelihood of the people in general, and has affected university professors as well. To cope with this situation a union was organized among the officials of the Tokyo Imperial University in the early part of last December. This is the very beginning of the union movement in government schools. The minimum salary of the university professors is 1,310 yen per year
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ECONOMIC SERIES: 134 (Continued)
ITEM 3 (Continued)
and the maximum is 4,500 yen. The minimum salary of assistant professors is 1,050 yen per year and the maximum 2,770. The stipend attached to a chair is 80 yen per year, but there are scarely any professors who will receive more than 400 yen above the yearly stipend. An assistant is paid 60 yen as a stipend, but sub-assistants and postgraduate students who are engaged in research work received no stipend. Such being the case, President MINAMIHARA made a positive promise to give them better treatment at the time he assumed office.
In view of this fact, the union movement may be regarded as reflecting the wishes of the faculty and minor officials of the whole university. However, at present this union organization is limited to the engineering faculty alone, and its members are composed of assistants, sub-assistants, post-graduate students and minor officials. Their demand is the raising of their salaries to three times the present amount and also the increase in the amount of special allowances (TEATE). There is also a growing tendency to organize a union in the: Economic Department and by next term a union, having 5,000 members throughout the entire university, is expected to be organized. It is a matter of course that the professors, and assistant professors at the University will co-operate in this movement. It is felt that an active overall union movement encompassing professors and officials will develop in the near future.
ITEM 4 The Industrial Bank Makes Loans For The Reconstruction of Chemical Fertilizer Industry - Nippon Sangyo Keizai - 5 Jan 46. Translator: H. Sato.
Full Translation:
In consideration of the unfavorable conditions in the chemical fertilizer industry, the Government had, at first, thought of inaugurating compulsory loans, but after having consulted with those quarters concerned, the following decision was reached regarding the funds for industries of chemical fertilizer.
Loans will be made in the ordinary way instead of being compulsorily made by order of the Government.
Loan business must be made solely with the Industrial Bank of JAPAN Ltd. (NIPPON KOGYO GINKO).
In compliance with the request of the Industrial Bank of JAPAN Ltd., the Government will support the recovery of the chemical fertilizer industry so that the financiers may feel secure.
Based on these item, funds are going to be loaned to the manfactures of ammonium sulphate, nitro lime, and superphosphate of lime. A loan of 300,000,000 yen is being prepared for the reconstruction and repair of the war damaged ammonium sulphate plants.
ITEM 5 The Establishment of the Metropolitan Pharmacy Research Laboratory to Exterminate so-called "War Diseases" - Nippon Sangyo Keizai - 5 Jan 46. Translator: K. Sato
Full Translation:
The metropolitan Health Bureau (TOMINSEI KYOKU) has established the Metropolitan Pharmacy Research Laboratory, whose purpose is to manufacture medicines and conduct research necessary for the health and
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ECONOMIC SERIES: 134 (Continued)
ITEM 5 (Continued)
sanitation of Tokyo citizens. It will begin manufacture on 1 February. This laboratory will be built on the site of the former Military Sanitary Material Depot (RIKUGUNEISE ZAIRYOHONSHO) at TAMAGAWA YOGA, SETAGAYA-Ku by the end of next March with about 1,105,099 yen.
Its main object is to facilitate the development of the civil pharmacy, but its activities will also include the manufacture of medicines and their research. The institute is composed of three sections: pharmacy, research and general affairs. It will begin its activity with the manufacture of prophylactics. There will be used composite medicines, such as vitimins for skin diseases. On the other hand, it undertakes the establishment of medical plants and the manufacture of refined medicine and unmixed pure medicines, such as essences and tinctures for the immediate use of physicians, which the civil pharmacist dislike to manufacture. In the future its activities will be extended to the giving of guidance and instructions to the pharmacists on pharmacy and its development.
ITEM 6 The General Budget for Fiscal Year 1946 - 1947 - Nippon Sangyo Keizai - 5 Jan 46. Translator: T. Kitagawa.
The first Cabinet conference of the year met on Friday at the Premier's official residence and was attended by all members except the Premier. They decided or conferred on the following: 1. The total budget for 1946 - 1947 was decided; 2. Reports; were given by the Commerce and Industry Minister on the revision of electicity charges; 3. On reform of the Commerce and Industry Ministry, they decided to inaugurate an investigation committee for accounting of enterprizes; 4. Raising the salary of the Government railway employees was announced by the Transportation minister.
Following the regular diet conference, members of the Diet had round-table talks and discussed the food question. The Finance Minister SHIBUSAWA proceeded to the Imperial Palace and reported to the Throne on particulars of the General Budget for 1946-1947.
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HomePress translations [Japan]. Economic Series 0134, 1946-01-07.
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