Protesters rally against Japan's new trade restrictions in Seoul on Aug. 24, 2019. Tokyo's move to limit key chemical exports to tech companies has sparked ongoing boycotts of Japanese products in South Korea.
Between the slings and arrows of China's global trade war with the United States, a separate battle has been brewing between the Asia-Pacific's next two largest economies: Japan and South Korea. But unlike the economic issues underpinning Beijing's fight with Washington, Tokyo and Seoul's dispute is fundamentally rooted in bitter grievances that date back to Japan's occupation of South Korea during World War II. The politically delicate nature of the dispute will continue to complicate both countries' ability -- and desire -- to bring a definitive end to their spat. But between the two, South Korea's more export-reliant economy stands more to lose from souring trade relations with Japan....
Already a subscriber? Sign in
Copyright © Stratfor Enterprises, LLC. All rights reserved.