Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-01-30
JAPAN MAY URGE PLAN
TO REDUCE ARMAMENTs
Nippon Is Said to BE on Verge OF
AN Economic Prccipicc, Ncccs-
Stating Curtuilmcnt.
SUFFER- sINEss PANIC
"hiy Way Ont to Effect Cuts In
governmental Expenditures Is to
hcdicc OUTLAWS for Ambitious
Military and Naval Program.
by W. IL. ATKINS,
international News Service stan
tOrrcSpOnucnf.

w NSlllNGTON. Jan. 29-Inpan, war
terror II the Far East. in the role o.
i''p' mont OF "a world plan for reducc ed
"' n'"h''ht' TX the next probable sur
'''No OF an International nature. on
"tcttd by best Informed govcrnmc Mt
'ii'S''iH' as :, result OF the pow vows
Solhs on hctwcc4 entente diplu-
''''S' ne cold fact. just dawning, is
'""t Japan tx on the verge Of an eco
''it lfccipicG anh must economiyc.
az ON? way FOR Japan to effect any
'i'"i cuts IN government spending
- i'uuct her enormous OUTLAWS for
""''ious military ana naval projects.
'"Idh !s hCi exactly "hrrkc." but is
'"e 'nroes OF ii business panic tl.at
b.a wrought considerable financial
.'~ut'E To IN" N!rronesc. The only
'''i'Ic al cSCap. from national hank
iurt'! as Japuu'a leading sta,cst,,u
- ~ Hes in governmental econ
M"n directing American nsc,, ,o,.
T' ~ idcG as one of the H!tsEly
~ p"it1hi Lcv.lou!ncnts. uosgini,.
,Tr"."sl!hS events az IN" future adj
l''S reaching; tn" Treasury Dcpa,;
hicnt anu tho Federal Rc.ci -, i:nnrd
S;"thG that lapan's ncw budget dis
"1'H "t'n Sl"S'ginS Of estimates Of
,,,it@ "a run The government This
nu"S'' officials were ADVISED, is In
i'"'-a ~ combination. but the pol
~ O.! r-i-'u'itmcnt agreed mon Jy
,"i''h cadinb statesmen, shows :.
80 =" tr4m apprOpr .dtieus down
20 IN" lowest minimum ,.onslbt,nt
WIN 'iliti"urS
IN VIZ yEinidcan, note aiyca B.
tt'"' diplomatic adv Ices rom '.Dy. 10
HI'i"ata iuLi Japan's pOpulnJ ION mad.
'"hy"h'ENJ 10 their iluJncIal losses
.HititH throughout thc'.n!..,rc IA the
'"t 'NHpl" ia urircs, .ind Danls
iW'ErgS are ploading tina, they b.. MOI
$1,000 Z" uhs heavy tuNrs 20 aiIp-
n'I h' rrc-wnr dreams %: tho mill
taIS element. ! scaling down II som.
81 ,ac estimates tor naval pirllos.s
~ Well as FOR military itIppE.s Is
he'iE URGED by some OF lapai,'i fore
,,:aWh hFht.S the d.spatchcs from
forgetting War riam,
nv Nippgh"s", oicinls rerc told.
stAE#er.nG beneath their Gcbt bur
''hH, are forgetting :tnOut war ul.tria
mo are thinkinH about the high cost
IN .nE. lh"f" ~ a general S"u'i-
,ltu' GROWING nUt OF present disSaiis-
i"'iieh among the Japhurse n,rss.S
l"f reduction ia the rate -; inter
- uN IN" i'dnk q Japan To fa..ljtTt"
tHe recovery of business ;rv:r tn: d.
PRECISION nov so :, ,dEsHr.aG
japanese financial tauthuri,iys rye
p'.'ltiS INTO 'ifc't III" 'alst I.yid
r"hsurcs to chrcH Cr"di; ..OanHigH
&nu r"rn"." some ~ tho imitation dc
N"iopud 20 near TIC hurstin.; I,Diht
oUr.ug the way, particularly in th-
sii' aud iirG markets. Spectators
- ~ b'sHS E3Ntb a tfhbDlI- !. - in4N
process %. Iorcrrirucpt restriction
uruh Legitimate uses ~ credit, as a
result a.! tn steps taken. rho Lss,
authorities of Japan laugh IT all iug-
g,a'.ons Tor raising the UaaN rates.
as :u"h q StcD. they contend. would
force thousands more firms li;r bana.
ruutcy.
ola prc-War arguments hav" gun"
lay tho hoard and japan is waking nj.
To The iG'n that waste ard cNtrav.
aEtno" hoih public nmd private, must
be- stopDrd ~ Japan = 10 Survive as
m important world power officials
declared. This Indicates to officials
hDrc q public sentiment Solncw.nt
similar - sentiment prevailing both
- III" United states ana In many of
tic leading European powers, that
thN burdens chiefly attributable. to
war ana war plans Tor the future