In case the Japanese were to accomplish the creation of a New Order in East Asia the U. S. economy might be severely dislocated.

In December 1938, Prince Fumimaro Konoye, then Premier of Japan, made a famous speech in which he proclaimed that Japan’s aim was the creation of a New Order in East Asia. Ostensibly this meant that the Orient should be for Orientals, working in cooperation with each other; actually, it…