China Slaps Export Controls on Japan Over Taiwan Remarks, Escalating Tensions
Business
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Moneycontrol•06-01-2026, 22:40
China Slaps Export Controls on Japan Over Taiwan Remarks, Escalating Tensions
- •China imposed immediate export controls on dual-use items to Japan for military use, citing Japanese PM Sanae Takaichi's "erroneous remarks" on Taiwan.
- •The move targets items that could enhance Japan's military capabilities, violating the One-China principle.
- •Nikkei 225 futures slid by about 1% following the news, indicating market concern.
- •China has previously used rare earth export controls as leverage, but this ban extends to over 800 dual-use items.
- •Japan, which relies on China for 70% of its rare earth imports, is assessing the situation; experts note vague wording could impact civil use.
Why It Matters: China escalates pressure on Japan with export controls over Taiwan remarks, raising geopolitical and economic concerns.
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