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Japan: South Korean sanction not to obviously affect Japanese economy

16 Aug 2019 14:18 reported by Jordan Huang

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Since Japan started the trade war with South Korea in the earlier month, the South Korean government also reacted to restrict its exports to Japan.

However, the Japanese government mentioned that the sanction from South Korea would not affect the Japanese economy a lot, so the negotiation for the trade war was still unnecessary for Japan.

For those imported products from South Korea, such as steel and petrochemical products, were easy to find import substitutes from other countries.

The conflict between Japan and South Korea seemed to be unable to be solved in the short term.

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