There is some room for the market to rally in the next few weeks. We are looking for opportunities to buy Treasuries.

Treasuries can still fall some more. Some people are worried about the outlook for inflation because of the rise in energy prices.

We are still seeing strength in the labor market with wages rising. We are waiting for further declines before buying.

If we are to have a war with America, we will have no hope of winning unless the U.S. fleet in Hawaiian waters can be destroyed.

Never tell anyone outside my staff that the Submarine Force and the First Air Fleet were responsible for the failure at Midway. The failure at Midway was mine.

Should hostilities once break out between Japan and the United States, it is not enough that we take Guam and the Philippines, nor even Hawaii and San Francisco. We would have to march into Washington and sign the treaty in the White House.