millions, while ten years later the corresponding rate changed to 74.7 out of 193.8 millions. If raw silk, straw-plaits, and the like were classed under agricultural, instead of manufactured, goods, the rate of increase between 1890 and 1900 of different kinds of exports would run as follows: 1890 1900 Per Cent. Per Cent. Manufactured 18.0 38.0 Agricultural 51.6 37.8 Fishing 6.6 3.5 Mining 20.0 14.2 Miscellaneous 3.8 6.5 If the enumerated goods were transferred from the agricultural to the manufactured list, the rate would be thus: 1898 1899 1900 Per Cent. Per Cent. Per Cent. Manufactured 70.9 69.4 66.0 Agricultural 11.9 11.9 10.5 Others 17.2 18.7 23.5 While the rate of the manufactured exports seems to have fallen between 1898 and 1900, their absolute figures show that some new items appeared in the list during the interval and that the total volume enormously advanced. On the other hand, the imports, which increased together with the purchasing power of the people, show more rapid growth in raw goods and machinery than in manufactured articles. These changes have been pointed out here in order to indicate the general nature of the economic transition of the Japanese people. They will be found to possess a far greater significance than we have seen when we come to examine further the character of the trade tendencies of Japan.