Japanese exports to China tumble
Amid recent territorial disputes between China and Japan, Japanese exports to China fell 14.1% in September compared to the previous year.
Relations between the two nations soured in recent weeks as a result of dispute over the ownership of the islands known as Senkaku in Japan and Diaoyu in China, which both nations along with Taiwan claim.
Widespread protests in China against Japan were held. In some cases people turned violent and attached Japanese car manufacturers.
Since then Japanese car manufacturers have said they will cut output to China.
“The worsening of exports reflected both the global slowdown and anti-Japan protests in China,” said Naoki Iizuka, from Citigroup Global Markets in Tokyo.
Related Articles
Argentine senate set to approve YPF takeover
The 72 member house expected to support plans to re-nationalise the country’s biggest oil company. Argentina’s senate was set to
Iran to export oil to North Korea
Iran is considering signing an oil deal with North Korea on the export of oil in an attempt to revive
Other banks to be more culpable in the scandal than Barclays
Senior managers have warned that Libor scandal will envelop other banks. According to a memo from Barclays chairman Marcus Agius
