Opinion
No real winners in Japan-South Korea trade war either
The Lex ColumnNo one wins a trade war in the end. Not even politicians. A spat between South Korea and Japan, triggered by a row over compensation for wartime forced labour, will be no exception.
In the latest escalation, both countries have removed one another from trade white lists and South Korea’s national pension fund has threatened to disinvest from Japanese companies. Given the unique trade dynamics linking the pair, the battle makes even less sense than the tussle between the US and China.
Financial Times
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