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The article reports that a U.S.-Japan commercial treaty to internationalize the Japanese yen is not expected to strengthen the yen in foreign exchange markets and to alter international trade, balance of payments, and balance of trade patterns between the two countries. Measures to make the yen an international currency include the creation of a free Euroyen market and deregulation of Japanese capital markets.

Reports that American corporation Motorola Inc. has succeeded in gaining entry into the Japanese cellular telephone equipment and services industry after the U.S. threatened economic sanctions on Japanese exports to the U.S. First significant pact under the 1988 Trade Act; Motorola's Japanese affiliate Nippon Motorola Ltd.

The article discusses terms of the current trade agreement between Japan and the U.S. that will allow the former to export goods at 25 percent of the 1934-35 annual rate or the equivalent of 200 million dollars in materials such as raw silk, strategic metals, and radio tubes.

This section offers news briefs on international business as of April 16, 1938. There has been an increase in aviation shares for the London stock market, while airplane production is said to be about 250 a month. After the devaluation of the franc, large quantities of capital have been flowing back to Paris. Negotiations are under way for an Italo-Japanese trade agreement providing for the exchange of a greater volume of goods between Italy and Japan.

This section offers news briefs on business and politics in countries other than the U.S. as of March 1938. The Japanese government announced that China is establishing an autonomous state in Central China with Nanking as capital. The signing of a new trade pact between Great Britain and Italy signals the possibility of a more significant agreement between the two countries. Great Britain bought Soviet goods worth 113 million U.S. dollars and sold goods worth 40 million U.S. dollars to Russia in 1937.

This section offers news briefs on world business. The German foreign trade has been affected by the U.S.-Brazil trade deal. The Japanese government decided to officially devalue its gold holdings in order to meet international payments. The U.S-Brazil trade deal involving gold standards will benefit Brazil because the Brazillian currency will be pegged to the dollar.

The article focuses on the incident which involves the arrest of a Nipponese bodyguard by American Marines in Shanghai, China. It states that the bodyguard of a Japanese general who visited the patrolled area of Shanghai was arrested due to their failure to conform in their agreement with the U.S. to seek permission in advance before entering policed zones. As a result, it says that the U.S. issued a notice to the Japanese government which temporarily terminates the Japanese-American trade deal.

The article presents suggestions for a free-trade agreement of the U.S. with Japan. Japan may be in a mood to negotiate. Its bubble economy has burst. The recession continues. Major corporations' margins are under unaccustomed strain. Despite government propping, the stock market remains barely half what it was four years ago. Real estate remains weak. The political establishment is wracked by scandals. Even more sobering, Japan's access to overseas markets in Europe and North America is in increasing jeopardy.

The article offers information on the problems being faced by Japan since its trade agreement with the U.S. lapsed on January 26, 1940. As stated, the Japanese government is resenting the loan of 20,000,000 dollars provided to China from the U.S. Export-Import Bank. Moreover, Germany's trade with China has led to another set back for Japan as the German machinery is no longer available to it.

Presents several political developments in the U.S. Mystery about the candidacy of Security Administrator Paul Vories McNutt, for the presidentship of the country; International relations of the U.S. with Japan; Termination of United States-Japanese commercial treaty; Series of penalties which will fall on Japanese goods entering this country; Plans of the government to impose sanctions on Japan; Impact of the sanctions on economic structure of Japan; Reduction in Japanese exports of raw silk to the U.S.; Possibility of rise in prices of silk; Stiffness of the State Department of the U.S. to let the treaty lapse unless Admiral Nomura Kichisaburo is able to give a convincing demonstration of his willingness to meet ultimate terms of the treaty; Attitude of the Department towards Admiral Nomura's "Christmas present,"--an offer to open the Yangtze to foreign shipping and to repay American nations for losses in China; Improvement in the presidential chances of Senator Burton K. Wheeler.

The article focuses on the proposed Trans-Pacific Partnership (TPP) agreement involving the U.S. and other countries including Canada, Mexico, Singapore and Japan in 2015. Topics covered include the reason the U.S. government is negotiating the trade agreement in secret and fast-tracking it, implication of the Investor-State Dispute Settlement (ISDS) section of the TPP and the threat it poses against the legislative function. Its impact on a Republican government is also mentioned.

An essay on Japanese foreign relations is presented. The author explores the Japanese amicable treatment for the Europeans which changes due to foreign invasion, wherein Gongen Sama proclaimed the penalty of death for foreign visits. The author mentions that to end Japan's foreign intrusion, Consul General Townsend Harris negotiated for a commercial treaty, however, a series of murderous assaults took place to restore Gongen Sama's regime.