What Shall I Think of Japan

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A boycott of Japanese goods was started. Some Chinese claim that 80% of the Japanese export business to China has been stopped, that one steam- ship company reported to its shareholders a loss of $330, 000 due to this boycott, and that the movement for home industries has been greatly increased. One American firm, it is asserted, received orders for twenty new and complete cotton mills to be set up in China in the next two years. ( The Nation, Dec. 23, 1919) Travellers from China report stores
...selling Japa- nese goods are going bankrupt. Japan's official re- THE BOYCOTT 181 ports, however, indicate from the boycott little effect on the China trade. The exports from Japan to China increased from Yen 359, 150, 000 in 1918 to Yen 447, 049, 000 in 1919. The imports to Japan in- creased from Yen 281, 702, 000 in the former year to Yen 322, 100, 000 in 1919. There was a gain in ex- ports to China of 24%. (Reported by the Consul General of Japan in New York. ) Only in South China, where trade is small anyway, the exports did decrease from Yen 611, 000 in 1918 to Yen 87, 000 in 1919.

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