Japan's Prime Minister Naoto Kan speaks during a Sept. 24 press conference in New York. China and Japan are important neighbors with key responsibilities and must cooperate with one another, Kan told reporters. Brendan McDermid / ReutersAre There Hidden Costs To Over-Dependence On China? Japan Just Found Out.
America and other countries rely on China's cheap exports of raw materials and finished goods. China just choked off Japan's access to raw materials. What will it do next?
The world relies on China to produce cheap exports. While economists celebrate comparative advantage because it makes us richer and able to afford to purchase a broader set of items we want, can we be overly reliant on a trade partner? Japan is learning that the answer is "yes". In a diplomacy spat with Japan, China appears to have suspended its export trade in rare metals to Japan.
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More News On The Fallout From The China - Japan 'Spat'
Analysis: Japan in delicate bind as it confronts rising China -- Reuters
Japan Releases Chinese Captain, but Tensions Remain -- Time Magazine
China’s Disputes in Asia Buttress Influence of U.S. -- New York Times
Japan, China test each other's diplomatic resolve -- AP
Analysis: Regional disputes testing China's regional ambitions -- Reuters
Tensions rise in Japan-China boats dispute -- The Australian
Japan Counters China With Compensation Demand for Coast-Guard Ship Damages -- Bloomberg
Japan demands China pay to repair damage to coastguard vessels -- The Guardian
Japan demands China pays for damage to coastguard boats -- The Telegraph
Japan Rejects Apologizing to China -- New York Times
China raises checks for Japan shipments: report -- AFP
COMPANY VIEW-Impact of China-Japan row on business ties -- Reuters
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