Japan curbs technology exports to S Korea

This is not good.

Chip Star, if it is not good, then what is it ? Say it, using simple English.

Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed to work together to promote "free and fair trade" in talks on Thursday that included a "complicated" global economic landscape, a Japanese official said.

"The two leaders (Abe and Xi) agreed on developing a free and fair trading system," Nishimura told a briefing on the bilateral summit.

https://japantoday.com/category/politics/update-2-japan-pm-abe-china's-xi-agree-on-need-for-'free-fair'-trade

Apparently nobody from the government bothered to tell the Japanese companies affected that this ban was coming. Comedy gold. Abe is the worst leader this country's had since Tojo; this miserable attempt to impersonate Trump is purely an election gimmick but will be a disaster for the companies involved and Japan's global image.

It is a kamikaze attack in simple English.

It is 自害恐喝 in Japanese.

JT "experts" keep on telling us of Japan's demise.

Meanwhile in the real world:

https://www.forbes.com/sites/japan/2019/07/01/kick-starting-japans-healthcare-revolution/#5ac16dc84e6f

South Korea asked for it. Either they behave like a special trustworthy ally of Japan (like the U.S., EU, etc) or they get treated like any other non-special country. They should have thought of this before continuing on their ridiculous anti-Japan agenda. Good luck to them at thw WTO cause it doesn't fall under their jurisdiction. I say ridiculous because the 2015 CW agreement was signed by both nations to be permanent and irreversible yet SK broke it. The 1965 Treaty clearly calls for Arbitration if there is any disagreement in interpretation and Japan has suggested it, but SK refuses. This consistent behavior on the part of SK, going back to their refusal 3 times to settle the Liancourt Rocks issue before the ICJ, has only emboldened them to believe they can get away with anything. It's about time that Japan stopped treating South Korea with kid gloves and taught them that there are consequences to their own actions. A few years ago, Park Gye Hyun was working towards changing the the South Korean revisionist anti-Japan posture but as we know was taken down. And this Moon has been the absolute worst in terms of SK-JPN relations, much of which is likely tied to his aspirations for bringing SK and NK together with a common enemy, since the US supports SK and China supports NK.

Ganbare Japan!

Good for Japan. Until crooked Moon stops this anti Japan stance,

Moon has nothing to do with the supreme court ruling on the force wartime labor issue. The decisive ruling was made in 2012, 8 years before his inauguration.

The Korean Supreme Court issued a landmark ruling in 2012 that, contrary to the position of the Japanese government, persons who performed forced labour for Japan during the war were not barred from pursuing claims by compensation by the 1965 treaty between the two countries. 

https://www.business-humanrights.org/en/japan-korean-court-rules-nachi-fujikoshi-should-pay-compensation-for-slave-labour-during-ww2

Opinion of Japanese legal experts on the verdict of S. Korea Supreme court regarding forced wartime labor:

http://justice.skr.jp/estatement.html (Enlgish)

http://justice.skr.jp/statement.html (Japanese)

This is a good first move. Finally, Japan is hitting back with retaliatory measures. Just keep up the pressure until the Koreans come to their senses.

The matter is simple. No relationship of trust.

S Korea would try this to WTO, however Japan sells them but the export permissions would take months. So not against the rule of WTO.

@Meiyouwenti

This is a good first move. Finally, Japan is hitting back with retaliatory measures. Just keep up the pressure until the Koreans come to their senses.

Kamikaze attacks may look spectacular, but were proven ineffective in the long term. You may learn from the history: https://www.pbs.org/perilousfight/psychology/the_kamikaze_threat/

That is why S. Korea government is not willing to retaliate in the same way as Abe. S. Korea expects that the suicidal economic retaliation will fizzle out after the election.

Its incredible how doe eyed about japan most people are on here. Ok I'll lay it out for you in plain easy to understand words.

Japans an island. Cutting off a lucrative market is only harming itself. What this is going to do is force other companies to evolve and quit the dependence game. So where pray tell will japan sell its wares then? What established juggernaut is large enough to absorb the losses that are going to eventually occur?

Well on with the Ra Ra Ra I guess.

alwaysspeakingwisdomToday  08:14 am JST

Well Done PM Abe Well Done. Next, retract both the KONO statement and Murayama Statement. Close the Pusan consulate, kick out South Koreans diplomats and ban travel to South Korea by Japanese.

The Koreans made their Kimchi let them eat it.

Well Done PM Abe Well Done!!!!

Have you been driving around in those black trucks so long that the garbage coming out of the loudspeakers in playing in an endless loop in your head?

Have you been driving around in those black trucks so long that the garbage coming out of the loudspeakers in playing in an endless loop in your head?

brilliant simon!! Brilliant!!

Have you been driving around in those black trucks so long that the garbage coming out of the loudspeakers in playing in an endless loop in your head?

These people are just sock puppets and weirdos who want to disrupt the thread and get it locked. They're not even Japanese.

As if anyone is going to stop the 8 million or so Korean tourists who visit Japan every year and spend vast sums of money here. Only a fool would say that.

These people are just sock puppets and weirdos who want to disrupt the thread and get it locked. They're not even Japanese.

Just because you are offended, it doesn't always mean they are all sock puppets. You had better try checking Japanese SNS and see how they are reacting to the news.

First off, Abe is using economic blackmail against a legal decision. This is immoral, likely a violation of International law and plain stupid.

"The new restrictions apply to three materials -- fluorinated polyimide, resist and hydrogen fluoride -- used in the manufacturing of semiconductors and display screens for smartphones and TVs," we are told. Japan does not have a monopoly on these materials. South Korea can no doubt get them elsewhere. Meanwhile, Abe is damaging a lucrative market for Japan.

The money involved in the law suit that prompted this ipso facto boycott involves relatively small money. Abe's restrictions involve big money. This the big money Japan will lose.

If Japan manages to damage South Korea's economy, the U.S. will likely bail it out. The U.S. cannot afford a weaken strategic partner like South Korea.

"tourism is pretty much the only sector doing well right now "

Really?

How do you explain the following;

"Japan's tax revenue hit a record 60.36 trillion yen ($557 billion) in fiscal 2018 on the back of higher wages and dividend payments, the Finance Ministry said Tuesday."

LOL maybe you learn some economics.

.

Good

It's time to come to terms with the past.

( THat does not mean heinous atrocities are acceptable or condoned - but there is a time when those matters must be put to rest.)

In this age, at this time ,S.K.economy is tenuous at best -

It's going to hurt.

Move on.

jeancolmarToday  08:59 am JST

If Japan manages to damage South Korea's economy, the U.S. will likely bail it out. The U.S. cannot afford a weaken strategic partner like South Korea.

Nonsense. The U.S. has never bailed out South Korea without Japan involved.

"The United States and several other nations agreed to provide $20 billion more as a ''second line of defense'' if the initial money from the international organizations proves insufficient. Some $5 billion will come from the United States, $10 billion from Japan and the rest from Australia, Britain, Canada, France, Germany and possibly other nations."

https://www.nytimes.com/1997/12/04/business/crisis-south-korea-bailout-package-loans-worth-55-billion-set-for-korea.html

Building those stupid comfort women statues all over the place, targeting aircraft radar at an AJSDF jet, confiscating Japanese companies' assests for WWII labor issues from 80 years ago, and ignoring official apologies while taking financial compensation at the same time.

Any surprise here, South Korea why Japan might be fed up with your crud?

Don't see why they deserve any special economic privilege like those extended to the US and friendly Euro companies anyway.

I guess this is good if you think money can pay for rapes and missing souls. Agreements, signatures, etc have little to no meaning to the individuals and families affected. Holding on to pieces of signed paper is an insult to the innocent. We signed an agreement with your government. It’s OK. It’s all taken care of. Go bark at them, not us. Leave us alone. Sorry. This ain’t gonna cut it.

talaraedokkoToday  09:51 am JST

I guess this is good if you think money can pay for rapes and missing souls. Agreements, signatures, etc have little to no meaning to the individuals and families affected. Holding on to pieces of signed paper is an insult to the innocent. We signed an agreement with your government. It’s OK. It’s all taken care of. Go bark at them, not us. Leave us alone. Sorry. This ain’t gonna cut it.

As if they are not demanding for money

I’m just sick of Korea going on and on and on about the FORMER imperialist government. So old worn out and tired, especially since it was already resolved once.

Good on Japan

Abe might have gotten a hint from Trump's action to China. Since the September 11 incident, asymmetric counter measures or attacks are increasing in the world. Japan that cannot use their weapon is trying to use a different weapon - Economic sanction. But it is doubtful it will work or not. Japan's national power is not as strong as U.S. Back fires are afraid of.

Abe did a great job improving the bilateral relationship with China. And China is a country that you can talk sense into it, unlike this little chihuahua of nation.

By the way, Chinese and Taiwan companies already kicked samsung out of Chinese market, that's 1+ billion cap, can't wait they took the rest of market share.

Forbes and Bloom calling the US blinking first in the concessions in the US Trade war with China.

While I am glad Japan is defending itself, don't take a page from Trump's playbook and his big roomy head.

@Wallace Fred

Im thinking you're one of those people who think holocaust remembrance museums are an eyesore huh?

They serve a similar purpose. Korea and now China have taken a leaf out of the Holocaust Industry's handbook and are creating their own poor copies of the strategy.

The problem is, they're on shakier ground as the facts do, and less subtle and skilled at it.

@SJ

Typical mindset of well brainwashed Japaneses in the internet. Nothing new, and nothing to say.

I'm not Japanese and I have to say South Korea is playing their hand very badly. But, let's be clear, it's their own equivalent of crazy right wing nuts who are doing it.

It's a shame really. South Korea was pretty much a unknown entity up until, when, the 1990s? It could and should have worked to make a really good impression of its "Brand" on the world stage. Instead, thanks to the right wing nuts, they're portraying their nation as the bat crazy Asians always trying to shake Japan down for more money or, in such cases, tech transfer.

Despite all of their attempts to throw poop at Japan, the Japan Brand outclasses Korea many times over and all they end up doing is making people more sympathetic towards today's Japanese ... who are entirely innocent of the past.

They ought to learn how to make a living off their own efforts, and stop the shakedown cons.

However, the problem is an internal one. They can't criticize their own establishment, their own government and leaders, so Japan becomes the convenient "enemy without" to distract from the "enemies within". The comfort women issue and their statues being a perfect example.

The more they attempt to throw poop at Japan, the more people end up finding out the truth about it all ... that it was Korean people and the Korean government/establishment who were behind it and it's all, largely, been one big con.

The Koreans need to be angry at their own government because they were the ones who made the compensation deal and demanded it went to the country rather than the people. It, and the income from all the post-war sex tourism the government promoted to Japan, then went on to build up their nation.

End of story. Today's Japanese are innocent and it's time to lay off them.

@pacificwest

They can't criticize their own establishment, their own government and leaders, so Japan becomes the convenient "enemy without" to distract from the "enemies within".

You may study a little bit the modern history of East Asian countries.

Just one example. S. Koreans have toppled their own government and leaders twice (1960 and 2017), while Japaneses never in their entire history.

My further replies to your other comments will be out of the topic, and I just stop here.

@Ganbare Japan!

Until crooked Moon stops this anti Japan stance

He won't.

possibly restrict number of SK visitors coming to Japan.

That's fine. Koreans can go elsewhere, namely Southeast Asia. Go to Southeast Asia, most tour destinations now speak Mandarin and Korean, but not Japanese, because most foreign tourists are Chinese and Korean. Koreans travel overseas 50 million times a year vs 18 million for Japan.

@OssanJapan

Good luck to them at thw WTO cause it doesn't fall under their jurisdiction.

Actually there was a precedence for case like this at GATT 30 years ago. Japan restricted the export of DRAM to Europe and was ruled illegal.

This is why all the experts are saying Japan is guaranteed to lose at WTO. The only case where the export control is allowed at WTO is if two countries are about to go to war, such as Russia vs Ukraine case.

@Meiyouwenti

Just keep up the pressure until the Koreans come to their senses.

They will never come to their senses.

@kwatt

but the export permissions would take months. So not against the rule of WTO.

Actually a case like this was ruled illegal 30 years ago at GATT, the predecessor of WTO.

It was Japan controlling DRAM export to Europe. Europe took Japan to GATT, and Japan lost the case.

This is why experts are calling this export control action illegal under WTO rules and Japan is 100% guaranteed to lose.

@SJ

That is why S. Korea government is not willing to retaliate in the same way as Abe.

The first reason is that Korea is not hurting from this export control at all. At the foundry association conference being held in Seoul right now, Samsung and SK Hynix assured their global customers they have the contingency plan prepared since last year in place and production won't be affected.

The second reason is that any sort of counter-retaliation would boost Abe weeks prior to the election and the Korean government doesn't want Abe to win.

 if it is not good, then what is it ? Say it, using simple English.

"Its bad" sory cant more simple than that

Its good to see Japan playing hardball for a change.

But really, the title of this story is a little off…“Japan curbs technology exports to S Korea”?? Its not technology they are curbing… its raw materials….Technology is the ability to use these raw materials and actually produce a product. How ironic seeing Japan providing the raw resources for Korea to make their tech which is now superior to Japan… wasn’t it the other way around 20 years ago? Look at LG… their OLED technology is basically being used by all OLED TV manufactures in Japanese makers such as SONY, Panasonic etc…  remember when SHARP was the leader in display technology just 12 years ago?  What happened?