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The Economist, EE Times Japan criticize Tokyo's export curbs to Korea Updated: 2019-07-19 16:36:57 KST

Britain's weekly magazine, The Economist, said the trade dispute between Seoul and Tokyo has Trumpian echoes with the potential to be as damaging as Washington's trade dispute with Europe and China.

In an online post on Friday, the magazine drew parallels between Japan's latest export restrictions to South Korea and U.S. President Donald Trump's economic strategies, claiming Trump's model of abusing economic partners is spreading.
The magazine said Japan's measures are self-harming, as well as economically short-sighted and reckless.

Saying that Korean companies are the most dominant memory chip manufacturers in the world, it said Japan's export restrictions would deal a big blow to the global supply chain.
However, it stressed that it's not too late for the two countries to settle the dispute, while the economic fallout remains limited.
Meanwhile, a Japanese expert also seems to be on the same line.

In an article published at EE Times Japan, Takashi Yunogami, a semiconductor engineer-turned-consultant and an author on Japan's semiconductor industry, says Japan is "digging its own grave" with the latest export curbs.
He said that by restricting exports of key chemical materials to South Korea, Japan has already done irreparable harm to the global electronics industry, at a price that is both incalculable and unnecessary.

Yunogami also added that if global South Korean firms such as Samsung Electronics, SK hynix and LG Display reduce their usage of materials from Japan and find local replacements, Japan will have to face the damages, and that the eventual backlash will hit Japan and undercut its competitiveness.

Kim Mok-yeon, Arirang News.
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