ountries may co-operate with
each other in the future. This means that Japan after the
acquisition of sovereign rights in South Manchuria and Inner
Mongolia will work together with Russia after her acquisition of
sovereign rights in North Manchuria and Outer Mongolia to maintain
the status quo, and endeavour by every effort to protect the peace
of the Far East. Russia, since the outbreak of the European War, has
not only laid aside all ill-feelings against Japan, but has adopted
the same attitude as her Allies and shown warm friendship for us. No
matter how we regard the Manchurian and Mongolian Questions in the
future she is anxious that we find some way of settlement. Therefore
we need not doubt but that Russia, in her attitude towards this
Chinese Question, will be able to come to an understanding with us
for mutual co-operation.

The British sphere of influence and interest in China is centred in
Tibet and the Yangtsze Valley. Therefore if Japan can come to some
satisfactory arrangement with China in regard to Tibet and also give
certain privileges to Great Britain in the Yangtsze Valley, with an
assurance to protect those privileges, no matter how powerful Great
Britain might be, she will surely not oppose Japan's policy in
regard to this Chinese Question. While this present European War is
going on Great Britain has never asked Japan to render her
assistance. That her strength will certainly not enable her to
oppose us in the future need not be doubted in the least.

Since Great Britain and Russia will not oppose Japan's policy
towards China, it can readily be seen what attitude France will
adopt in regard to the subject. What Japan must now somewhat reckon
with is America. But America in her attitude towards us regarding
our policy towards China has already declared the principle of
maintaining China's territorial integrity and equal opportunity and
will be satisfied, if we, do not impair America's already acquired
rights and privileges. We think America will also have no cause for
complaint. Nevertheless America has in the East a naval force which
can be fairly relied upon, though not sufficiently strong to be
feared. Therefore in Japan's attitude towards America there is
nothing really for us to be afraid of.

Since China's condition is such on the one hand and the Po