All posts tagged Territorial rights

China Focus: Diaoyu Islands rift takes toll on China-Japan economic, trade ties

Japan’s unilateral move of the so-called “purchase” of the Diaoyu Islands, which are Chinese territories, two weeks ago has taken its toll on bilateral economic and trade ties, experts said on Tuesday.

Chinese people intending on traveling to Japan have been bogged down. Heavyweight travel agencies, including China International Travel Service Limited, China Comfort Travel and China CYTS Tours Holding Co., Ltd., have halted travel business to Japan.

As far as Chinese travel to Japan is concerned, the impact of Diaoyu Islands rift could go as deep as the 2011 Fukushima earthquake, said a manager from the Marketing Department of the China CYTS, who preferred to be anonymous.

More Chinese organizations and groups canceled their travel plans to Japan in a bid to show strong protests and firm opposition to Tokyo’s rash move of “purchase”, media reports said.

Flights between China and Japan have been hampered in terms of flights being cut and delays of new routes opening. All Nippon Airways Co., Ltd. and Japan Airlines Co., Ltd. canceled up to 23,000 seats on routes to China during the last few weeks.

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by byu2012 on October 2, 2012  •  Permalink
Posted in Asia, China, Economics, Japan
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Posted by byu2012 on October 2, 2012

https://theasiancenturyreport.wordpress.com/2012/10/02/china-focus-diaoyu-islands-rift-takes-toll-on-china-japan-economic-trade-ties/

No Major Impact on Japan’s Economy from Diaoyutais Row

Kenichi Ohmae

Taipei, Sept. 24 (CNA) The current tension between China and Japan over the disputed Diaoyutais Islands will have no major impact on Japan’s economy, a Japanese trend guru said Monday, days after Japan moved to nationalize the island group.

Kenichi Ohmae, who is visiting Taiwan, said Japan has made preparations for any impact on its economy that could arise from the tension with China, as rows regularly occur between the two sides.

For example, a clash between a Chinese fishing boat and Japanese patrol ships in waters near the Diaoyutais occurred in 2010, he said, adding that following that incident, China stopped its rare earth exports to Japan.

Because of these previous experiences, Japan is prepared for similar incidents to minimize the impact on its economy, he said. Both Japan and China should shelve their differences over the Diaoyutais to maintain peace between them, he added.

Tension over the Diaoyutais has escalated since Sept. 11, when Japan moved to nationalize the island group by buying three of its islets from a private owner, spurring anti-Japanese protests in many Chinese cities, as well as in Hong Kong and Taipei.

 

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by byu2012 on September 28, 2012  •  Permalink
Posted in Asia, China, Japan
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Posted by byu2012 on September 28, 2012

https://theasiancenturyreport.wordpress.com/2012/09/28/no-major-impact-on-japans-economy-from-diaoyutais-row/

Global Business Fears ‘Economic Dislocation’ if China-Japan Rift Deepens

Global business leaders are voicing increasing concern over heightened political tensions between China and Japan, sparked by a maritime dispute in the East China Sea. They fear an escalation may have a spill-over effect on their regional operations and damage trade ties between the world’s second and third-largest economies.

 

Company executives, diplomats and analysts told CNBC that supply chains across China and Japan and regional trade flows are at risk if the territorial dispute between the north Asian neighbors – believed to be the worst in decades – deepens.

“This could really be something that causes a huge economic dislocation,” Mike Splinter, chief executive officer at Applied Materials told CNBC. “If import barriers go up, it could affect our business.”

John Rice, president and CEO at GE Global Growth and Operations said he was worried about the potential “repercussions” to the flow of free trade that may arise because of escalating “geo-political” risk in the region. “That’s what we worry about…because we’re free traders to our core.” Rice said he was monitoring developments “very closely.”

While the precise scale of any disruption to manufacturing supply chains is hard to assess, many observers are starting to draw a parallel with the disruption in the wake of the 2011 Fukushima disaster in Japan.

 

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by byu2012 on September 28, 2012  •  Permalink
Posted in Asia, Asian conferences, Business, China, Japan, Trade
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Posted by byu2012 on September 28, 2012

https://theasiancenturyreport.wordpress.com/2012/09/28/global-business-fears-economic-dislocation-if-china-japan-rift-deepens/

US Warns Asia-Pacific Leaders over Territorial Rows

US Secretary of State Hillary Clinton

Increasingly tense territorial rows in the Asia-Pacific threaten the global economy, US Secretary of State Hillary Clinton warned Sunday at the end of a leaders’ summit plagued by divisions.

The annual gathering of Asia-Pacific Economic Cooperation (APEC) heads was meant to build goodwill in long-term efforts to tear down trade barriers within their bloc, which accounts for more than half of the world’s economic output.
 
While progress was made to cut tariffs on environmentally friendly goods, and commitments renewed to fight protectionism, bitter territorial disputes disrupted the two-day event in Russia’s port city of Vladivostok.
 
Japanese Prime Minister Yoshihiko Noda and Chinese President Hu Jintao did not hold customary talks on the summit sidelines because of a row. Similarly Noda and South Korea’s Lee Myung-Bak — both allies of Washington — shunned each other.
 
Philippine President Benigno Aquino also failed to meet with Hu, after declaring it his top priority beforehand.
 
The Philippines and China have endured months of bruising diplomacy over competing claims to the South China Sea — of which Beijing claims almost all — including a maritime standoff.

 

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by byu2012 on September 12, 2012  •  Permalink
Posted in Asia, Asian conferences, Settlements, US
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Posted by byu2012 on September 12, 2012

https://theasiancenturyreport.wordpress.com/2012/09/12/us-warns-asia-pacific-leaders-over-territorial-rows/

Japan, China Talks Unlikely Amid Spat

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Japanese Prime Minister Yoshihiko Noda.

VLADIVOSTOK, Russia—Amid elevated tension over territorial spats in the East China Sea, Japanese Prime Minister Yoshihiko Noda said he won’t hold bilateral talks with Chinese leaders during an international meeting this weekend, as he tries to walk a diplomatic tightrope between asserting Japan’s territorial claims and nurturing economic ties with China.

Government officials said it is still possible that Mr. Noda will have a brief chat with Chinese President Hu Jintao during the Asia-Pacific Economic Cooperation summit being held in this Russian Far East city.

“There are currently no plans to hold bilateral talks” with Mr. Hu or South Korean President Lee Myungbak, Mr. Noda told reporters Friday. “But if there are opportunities to hold informal exchanges, I would like to communicate our country’s position.”

Despite the territorial spat and frequent eruptions of anti-Japanese sentiment in China, Japan has tried to keep tensions under control, as the country depends on China for much of its economic growth. This stands in marked contrast to Japan’s tough stance toward South Korea, an economic rival, with which Japan also has a bitter territorial dispute.

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by byu2012 on September 10, 2012  •  Permalink
Posted in Asia, Asian conferences, China, Economics, Japan, Policy
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Posted by byu2012 on September 10, 2012

https://theasiancenturyreport.wordpress.com/2012/09/10/japan-china-talks-unlikely-amid-spat/

S. Korea Postpones Military Intelligence Accord With Japan

South Korea postponed an agreement with Japan to share military intelligence hours before it was to be signed because of opposition over the deal with the country’s former colonial occupier.

The accord, which was approved by Japanese Prime Minister Yoshihiko Noda’s cabinet today and South Korean President Lee Myung Bak yesterday, would allow for exchanging information on North Korea’s nuclear weapons and missile programs and on Chinese military activities. South Korean Ambassador Shin Gak Soo and Japanese Foreign Minister Koichiro Gemba were scheduled to sign it in Tokyo.

While the agreement underscores shared concerns over North Korea and new leader Kim Jong Un, Japan and South Korea remain divided over rival claims to a group of islands and the compensation of women who served as sex slaves during Japan’s 35-year colonization of the Korean peninsula. Activist groups in Seoul condemned the pact as amounting to a South Korean pardon of Japan for its conduct before and during World War II.

Japan and South Korea also dispute the territorial rights to a group of rocky islets, known as Dokdo in Korean and Takeshima in Japanese, that lie in fishing grounds and may have natural gas deposits. The islands are located 87 kilometers (54 miles) east of the closest South Korean territory and 158 kilometers from the nearest Japanese land.

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by Innovator on June 29, 2012  •  Permalink
Posted in Asia, Bank, Business, Finance
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Posted by Innovator on June 29, 2012

https://theasiancenturyreport.wordpress.com/2012/06/29/s-korea-postpones-military-intelligence-accord-with-japan/