I speak of the old Japan, because out of the ashes of the old Japan there has risen a new Japan.

We will not fail your expectations of us as a new nation dedicated to peace, democracy, and freedom.

The second is that the role of China trade in Japanese economy, important as it is, has often been exaggerated, as proven by our experience of the past 6 years.

We pray that henceforth not only Japan but all mankind may know the blessings of harmony and progress.

I speak of the old Japan, because out of the ashes of the old Japan there has risen a new Japan.

By perfecting this legislative machinery and by participating in the various international agreements we intend to contribute to the wholesome development of world trade.

There is fear as to whether Japan, reduced to such a predicament, could ever manage to pay reparations to certain designated Allied Powers without shifting the burden upon the other Allied Powers.