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 are determined that our nation shall cease to be a burden on other countries but shall contribute positively to world prosperity, while observing fully the fair trade practices in international commerce.

Almost a century has passed since Japan first entered the world community by concluding a treaty of amity with the United States of America in 1854.

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.

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.

History offers examples of winning in diplomacy after losing in war.