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.

We have listened here to the delegates who have recalled the terrible human suffering, and the great material destruction of the late war in the Pacific. It is with feelings of sorrow that we recall the part played in that catastrophic human experience by the old Japan.

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.

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

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.

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

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.