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Japan’s Debt and War Readiness

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Pacific Press Publishing Association · Mountain View, California · Mar 17, 1909

FromSigns of the Times, Vol. 36, No. 11.

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Japan’s Debt and War Readiness

It has been well said that Japan is not ready to go to war just yet. Her national debt is more than $1,250,000,000. With a population of five ninths that of the United States, its debt is one third larger. An Eastern paper remarks that for a war with the United States, it “could not borrow a dollar in foreign markets;” that “the war with Russia bled Japan white; the drain in men and money was enormous, and the next generation will groan under the cost of dearly bought victories.”