Commander-in-Chief of the Imperial Japanese Forces in the Philippines

“ A. In the execution of industrial administration, the existing policy of relying upon the United States shall be forsaken, supplanting the same by the ideals of establishing the East Asia Co-Prosperity Sphere. ”

“ C. In making a budget, general expenditures shall be reduced in proportion to the decrease of revenues, and efforts shall be exerted to maintain the equilibrium between revenues and expenditures, whereas importance shall be put upon the maintenance of peace and order and the economic recovery of the country. ”