Weaponized Interdependence

The Japan-Korea spat is turning into a low level economic war

The Nikkei Asian Review describes how Japan’s efforts to target South Korea’s technology industry is leading to a general boycott.

“South Koreans have also stopped buying cars, beer, cosmetics and just about anything else bearing the label “Made in Japan.” …The movement kicked off shortly after the decision by Japanese Prime Minister Shinzo Abe’s administration on July 4 to tighten controls on exports of three chemicals essential for making semiconductors and flat panel screens used in smartphones and TVs. By choking off supplies of the chemicals — Japan’s market share for two of them stands at more than 90% — the Abe administration was essentially taking aim at the engine that powers South Korea’s high-tech economy.”