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Tokyo’s expanded export control:Implicatons

2019-08-05 411 Dailymotion

Japan on Friday moved to increase controls on the export of a broad assortment of products to South Korea... dramatically raising the stakes in a political standoff that has plunged relations between the countries to their lowest point in decades and that has caused worries in Washington.<br />We'll be listening to expert views from all around the world. Today, we begin with the impact on economic and supply chain. I have on the line Rajiv Biswas, Executive Director and Asia Pacific chief economist at IHS Markit in Singapore.<br /><br />First off, which industries and items do you think will be hit the hardest from Japan's second round of export restrictions to South Korea? Obviously, it's not limited to 3 items, but 11-hundred now.<br /><br />How do you forecast the ongoing Japan-South Korea trade row to affect not only the two economies but the global value chain?<br /><br />As an Asia-Pacific chief economist, what is your short to mid term forecast of the situation and what's prescription?<br />

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