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.
24 Articles
24 Articles
Japan Criticizes China’s Decision to Impose Export Controls on Rare Earths Needed for the Japanese Military, China Cites Comments Made Over Taiwan
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. Japan has criticized China’s decision to impose export controls on dual-use items that could improve Japan’s military capabilities amid escalating tensions over Taiwan. Some shi…
Japan Today
UpstractChina says ban on exports of dual-use items to Japan to only hit military companies
China's export ban on dual-use items to Japan will only affect military firms, the commerce ministry said on Thursday, helping calm fears that Beijing might curb rare-earth shipments…
Double-use items are goods, software or technologies that have both civil and military applications, including critical minerals essential for the manufacture of drones and chips
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.
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
