US EditionJapan condemns China's dual-use export ban, rare earth risks loom
Tokyo condemns Beijing’s export ban on dual-use items amid fears of a rare earth supply disruption that could cut Japan’s GDP by up to 0.43%, Nomura Research Institute says.
- On Jan 7, Japan condemned China’s ban on dual-use items as `absolutely unacceptable and deeply regrettable`, with Minoru Kihara saying it `differs significantly from international practice`.
- Japanese Prime Minister Sanae Takaichi touched off the dispute by warning a Chinese attack on democratically governed Taiwan threatens Japan, and Beijing demanded a retraction she has not made, prompting Jan 6's export ban.
- Markets reacted: Japan's Nikkei share index fell around 1 per cent on Jan 7, while Kawasaki Heavy and Mitsubishi Heavy dropped about 2 per cent and Subaru monitored developments.
- Japan relies on China for about 60 per cent of rare earth imports, and a three-month curb could cost Japanese businesses 660 billion yen, Nomura Research Institute economist Takahide Kiuchi said.
- Controls on rare earths could affect Japan’s semiconductor industry and automotive sector, as analysts said, dual-use items include rare earths used in drones, chips, and EV motors, referencing past 2012 rift.
21 Articles
21 Articles
Japan declared on Wednesday, 7 January that China's ban on exports of dual-use goods to the country was "absolutely unacceptable and deeply regrettable", as the diplomatic dispute between the first two Asian economies intensified.
Japan Condemns China’s Ban on Dual-Use Exports
Tokyo on Jan. 7 said Beijing’s ban on dual-use exports targeting Japan is unacceptable, amid increasing tensions between the two major Asian economies. The Chinese communist regime on Jan. 6 announced that it would ban the export of dual-use items to Japan, which are goods, software, or technologies that have both civilian and military applications. “A measure such as this, targeting only our country, differs significantly from international pra…
Japan condemns China's dual-use export ban, rare earth risks loom
Japan said on Wednesday that China's ban on exports of dual-use items to the country was "absolutely unacceptable and deeply regrettable", as a diplomatic dispute between Asia's top two economies intensified.
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