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The article analyzes the possible impact of the Japanese government's enactment of a law that empowers the government to take over business during an emergency such as war. The law is of interest to the U.S. because of the substantial flow of U.S. goods to Japan and the similarity of the law to U.S. President Franklin D. Roosevelt's emergency-power proposal. The law also affects Japan's trade relations with China.

The article discusses economic issues being settled by the League of Nations regarding the conflict between China and Japan on the control of Mukden, the capital of the Chinese region of Manchuria. Information on Japanese investments in Manchuria is presented, noting that the Japanese nationals who operate businesses in the region are continuously demanding for protection of their business. The interest of other countries like the U.S. and Soviet Union in the economic opportunities in Manchuria is also described.

This article points out that U.S. businesses operating in China will be at a competitive disadvantage with Japanese businesses. Japanese military occupation of Chinese cities, such as Shanghai, has enabled Japanese businesses to dominate the competition from foreign businesses such as the U.S.'s. U.S. businesses that are expected or have already posted losses are the Universal Leaf Tobacco Co., National City Bank of New York and American Express Co.

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.

The article reports on the decision of the administration of U.S. President Franklin D. Roosevelt to end the negotiations with the Soviet Union for a new debt settlement and trade agreement in 1935. The factors which influenced the U.S. decision on the issue include the assurance made by Japanese officials that Japan has no bad intentions for the U.S. and the positive outlook for the Chinese Eastern Railway problem. A loan of 100 million U.S. dollars was also asked by the Russians.

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 discusses economic sanctions against North Korea after the country launched missile tests in 2006. While the U.S. and Japan are pushing for sanctions against the country, certain regions of China depend on trade between the two countries for their economies, lessening the chance that sanctions will work.

The article discusses the trading activities of Japan after the war as it hopes to regain its position in international trade. Japan's best customer before the war started has been China but since there is a ban on Chinese trade, Tokyo businessmen are putting pressure on the Japanese government to end it. Businessmen are stating that there had been a drop in trade since the embargo imposed by the U.S. in December 1950, from 19.6 million U.S. dollars a year worth of China trade to 20,000 U.S. dollars in April 1952.

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.

The article comments on the involvement of the U.S. in the Chinese-Japanese War in 1937. It criticizes U.S. President Franklin D. Roosevelt for his failure to enact the U.S. neutrality policy that the U.S. Congress has approved. The author argues that the President must know the powers that he possesses and the restrictions that hamper him to implement the law that was supported by most of the U.S. people.

Focuses on the dilemma faced by Asian currencies in its relation to the American dollar. Performance of Asian currencies as of December 14, 2004; Plan of the Chinese government to trim its purchase of U.S. Treasuries; Value of U.S. Treasuries purchased by Japan from 2002 through 2004.