US EditionChina Is Overplaying Its Rare-Earth Hand in Japan
10 Articles
10 Articles
The conflict between China and Japan is intensifying, as Beijing's anger over Tokyo continues. Export restrictions are now imposed on rare earths. The economic damage could be immense.
Japanese think tank warns China's rare earth supply cut could hit Japan's GDP
Japan could face losses of about 660 billion yen (approximately $4.2 billion) if China's rare earth export controls remain in place for three months, resulting in a 0.11% decline in both nominal and real annual GDP, according to an estimate by Nomura Research Institute, a Japanese economic think tank.
According to a report in The Wall Street Journal, sources familiar with the Chinese government said that Beijing has stopped reviewing rare earth export licenses to Japan, not only for military companies but also for other industries. China is once again using rare minerals as an economic weapon to punish Japanese Prime Minister Sanae Takaichi for her remarks about Taiwan.
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