Japan: Exports could come under renewed pressure – Danske Bank
|According to Danske Bank analysts, Japanese exports could come under renewed pressure as Japan-South Korean relations are now in a very severe state (quote from Japanese chief cabinet secretary Yoshihide Suga).
Key Quotes
“The current dispute between the two countries started last autumn as the South Korean Supreme Court awarded damages to individuals against Japanese companies following Second World War forced labour.”
“Japan has retaliated by imposing restrictions on Japanese exporters' supply of raw materials especially used in South Korea's large semiconductor industry. The South Korean government has previously stated that sanctions would be met by retaliation.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.