For a full text of the Memorandum see:
Outline of Proposed Basis for Agreement Between the United States and Japan
Section I
Draft Mutual Declaration of Policy
The Government of the United States and the Government of Japan both being solicitous
for the peace of the Pacific affirm that their national policies are directed
toward lasting and extensive peace throughout the Pacific area, that they have
no territorial designs in that area, that they have no intention of threatening
other countries or of using military force aggressively against any neighboring
nation, and that, accordingly, in their national policies they will actively
support and give practical application to the following fundamental principles
upon which their relations with each other and with all other governments are
based:
1. The principle of inviolability of territorial integrity and sovereignty
of each and all nations.
2. The principle of non-interference in the internal affairs of other countries.
3. The principle of equality, including equality of commercial opportunity
and treatment.
4. The principle of reliance upon international cooperation and conciliation
for the prevention and pacific settlement of controversies and for improvement
of international conditions by peaceful methods and processes.
The Government of Japan and the Government of the United States have agreed
that toward eliminating chronic political instability, preventing recurrent
economic collapse, and providing a basis for peace, they will actively support
and practically apply the following principles in their economic relations with
each other and with other nations and peoples:
1. The principle of non-discrimination in international commercial relations.
2. The principle of international economic cooperation and abolition of extreme
nationalism as expressed in excessive trade restrictions.
3. The principle of non-discriminatory access by all nations to raw material
supplies.
4. The principle of full protection of the interests of consuming countries
and populations as regards the operation of international commodity agreements.
5. The principle of establishment of such institutions and arrangements of
international finance as may lend aid to the essential enterprises and the
continuous development of all countries and may permit payments through processes
of trade consonant with the welfare of all countries.