The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1904-07-12
ECONOMIC JAPAN.

in Japan is afforded by a communica-
ton from the Japanese manager OF
the Eikoku Shogyo Zasshi, published
at Tokyo, recently received by the
Department of Commerce and Labor
through its Bureau of Statistics. Inc
communication which appears in the
MAY number of the British Trade
Journal indicates that commercial and
financial conditions have not as yet
been seriously affected by the Russo
Japanese war. and this statement Is
verified so far as relates to commerce
with the United States, by the oihciai
figures showing the trade of the Uhlted
States with Japan during the present
year as compared with earlier periods.
Commenting upon trade and imam
cial conditions in the Japanese Empire,
the writer above referred TO says:
when the Russo-Japapese negotia-
lions We're broken off and the hostlll-
ties were opened between these Two
powers we feared that great panic
would occur in our economic world
and our commerce and industry would
be upset to a large extent, the whole
energy of the people being concentrat-
ed IN the war. But this turned out TO
he n false fear. The war does not so
much affect our trade as we expected;
transactions are done very smoothly'
stocks which suffered from fan for
n short time have risen again to thelr
prices, and factories enjoy their usual
profit Nor does it make our people so
greatly excited as you may thlhk'
though we japanese pride ourselves OH
being the most patriotic nation on
earth. At home, our conversations are
"a merry and innocent as ever, and in
the street we see nothing warlike eX-
cept noisy newsboys delivering speclals
of happy tidings in the form OF our
brilliant victories both on land ana
sea- Business men and laborers are
calmly attending to their own tashs'
and there IS no excitement among them
In fact, our people seem to rightly I'M
derstand that it is an important duty
on their part. especially at this juno
ture to apply themselves to their bust
ness with as much assiduity as their
soldiers do to battles. Such being the
state of things in Japan, however long
the war may last her commerce ana
industry will not be much affected py
it.; nay, they will continue the progress
they have been used to make during
these past decades"
The above statement Is especially IN
terestng in view of the fact that
Japan's commerce with the United
States in the present fiscal year SHOWS
n marked advance over that OF any
preceding year, and for the Twelve
months ending June 30, 1904, Will prop
ably exceed 70 million dollars. Figures
covering eleven months of the present
fiscal year have just been issued by
the Department of Commerce ana
Labor through its Bureau of Statistics.
They show that our exports to Japan
amounted to s22,5947l3 during the
eleven months of this year. as against
$40, S54, SAB in the corresponding months
of the preceding fiscal year; also that
our imports from Japan touched their
highest point for an eleven months
period, being s44 1867 ,46l, as against Sfl,-
1888 1851 in the eleven months OF 1908, the
previous high-water mark.
Exports to Japan from the United
States reached their highest point in
the fiscal year 1900, when the total > as
s290S7, AIS, due in a large measure 10
the extraordinary purchases OF cotton
by Japan in that year. In the follow
ing year, however, there was drop
OF fully 10 million in the volume OF
our exports to Japan, though an up
ward tendency Is again apparent, and
for the eleven months ending May 81,
1904, the total is, as already stated,
500 5QI 713 and for the fun wear will BE