The trade dispute that began with Japan's change of export controls on three materials used to make semiconductors and displays to South Korea is intensifying by the day.<br />The feud is bound to hit the boiling point with Tokyo's plan to expand its export controls by dropping South Korea from a list of 27 countries granted preferential trade status... as early as tomorrow.<br /><br />Let's get an expert's view. Joining me from Tokyo is Dr. Yukiko Fukagawa, Professor of Economics at Waseda University. Dr. Fukagawa, welcome to the program.<br /><br />Which industries do you think will be hit the hardest if Japan removes South Korea from its "white list"?<br /><br />As a Japanese economist with global knowledge and expertise, what do you believe is Prime Minister Abe's true motive behind such measures?<br /><br />Is this not politicization of free and open trade values?<br /><br />What is the business sentiment in Japan? Is Japan's export restrictions and South Koreans' boycott of Japanese products and travels impacting Japanese firms as well?<br /><br />As a Japanese economist with extensive expertise in the Korea as well, you are well-knowledged in both worlds. In your view, what are some key countermeasures that South Korea should take in dealing with this issue?<br /><br />Yukiko FUKAGAWA, Professor of Political Science and Economics at Waseda University in Tokyo, many thanks for your insights this morning. We appreciate it.<br />
