Trouble over oil: America, Japan, and the oil cartel 1934–1935

Abstract

[M]ore alarming [than the phenomenal expansion of Japan's overseas trade], for the moment at least, in relation to the question of United States-Japanese relations, from the point of view of peace or war, is the fact that, notice of the termination of the naval treaties having been given, both Japan and the United States are making special efforts to increase their naval forces and the American Government and American interests are engaged in the making of plans and the launching of enterprises which, from the Japanese point of view, are a menace to Japan's sense of national security.