CENTRAL INTELLIGENCE AGENCY.
LSEAKY Mandatory Rcviir/ Cue tt3
MEMORANDUM FOR: Mr. Bromley Smith c.
White House Staff The White House
Economic Role ln the Development of Free Asia
1- You nay find of interest the attached report on Japan's economic role io the development of Free Asia.
Until quite recently, official Japanese aid to Free Asia centered on reparations. As thesedrawoherent Japanese aid policy remains to be developed.
In spite of some inhibitions, the declared goal of one percent of national income for tbe annual flow of long tern capital front Japan to tho less developed countries probably will be achievedate of growthercent for national income, this wouldlow in that year ofillion5 prices, and of this0 million or raore night be expected to go to Free Asia.
Attachment: CIA/RR IR