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.
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.
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.
How do you forecast the ongoing Japan-South Korea trade row to affect not only the two economies but the global value chain?
As an Asia-Pacific chief economist, what is your short to mid term forecast of the situation and what's prescription?