China/Japan Island dispute – still simmering
This has quietened down, but it wont seem to go away …
A Chinese naval flotilla sailed between two islands in the Okinawa chain Nov. 28, a maneuver that the state Xinhua News Agency called an exercise to escort a “large surface vessel.”
… the area is Japan’s exclusive economic zone, and under certain circumstances foreign military exercises there could be seen as a challenge to Japanese territorial integrity.
Sooner this can be sorted and both countries get back to trading, the better. For example BBG reports:
- Production at Nissan China dropped 44% in October &
- Toyota China production dropped 61%