Japanese Wool Industry and Trade Control in 1930's

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Other Title
  • 1930年代の羊毛工業と貿易統制 : 日阿,日豪問題を中心に
  • 1930ネンダイ ノ ヨウモウ コウギョウ ト ボウエキ トウセイ ニチ ア

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Description

The purpose of this paper is the examination of export control and import control, which intend to keep the balance of trade by means of increase of the trade. I attempt to research into Japanese wool industry for the purpose of making clear why this control of export and import failed. The wool spinning industry and the woolen textile industry succeeded in import substitution in the latter 1920's. The part of the woolen textile was exported in 1930's. But the profits of wool industry companies were subject to wide fluctuations. Because these companies desperately competed and they depended on Australian wool greatly. The cartel, Japanese Wool Industry Association reduced operation frequently. But the opposition between companies specializing in woolen yarn and companies pursuing woolen textile was hard, so that Japanese Wool Industry Association could not control the prices of wool yarn. The consul residing in South Africa Federation sujested to buy South African wool in order to keep the balance of trade between Japan and South Africa Federation. The purchase of South African wool coincided with the request of Japanese export industries. They compensated comparatively high-priced wool of South Africa. They commended the purchase of South African wool as the regulation of imbalance of trade. But wool industry took part in the purchase charged little margin. When the dispute between Australia and Japan was occured in 1936, wool industry controled import of wool and stopped dependence on Australian wool. On the other hand, they intended to keep the share of each company. The operation of the Commerce Protection Act had no effect. When the dispute between Australia and Japan was over, the excess of imports became clear in Japan. It is impossible to keep the balance of trade by means of increase of the import from other countries. The trade control for the purpose of magnification and balance of trade came to the end, the raw materials policy turned from diversification of suppliers into self-sufficiency.

Journal

  • The Journal of Agrarian History

    The Journal of Agrarian History 36 (1), 18-32, 1993

    The Agrarian History Society (Renamed as The Political Economy and Economic History Society)

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