Courtesy Reuters

THE balance of forces in the Far East has been shifting for a year, and now the shift has become decisive. It has been a shift in the direction of what can be called the larger political good -- meaning, in this case, the development of an international equilibrium on which peace can be based without injustice to any nation. In this sense the Far East seems to be nearer a régime of lasting peace than it was a year ago or five years ago. The weakening of Japan in the course of her abortive attempt to subjugate China;

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