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Japan risking its reputation on trade, diplomacy by targeting S. Korea with trade curbs: Foreign analysts Updated: 2019-08-07 16:23:26 KST

By starting a trade row with South Korea, Japan is risking its long-term interests and its carefully crafted reputation.
That's according to commentaries on Tuesday by various global analysts.

An article in Foreign Policy magazine highlights the political and economic ramifications of Japan's decision.
It says the Abe administration seems "unprepared" for what it calls the impending "blowback."

The article says Japan's use of trade regulations for politics will make it appear "unreliable" and prompt other global businesses to switch to suppliers they feel they can depend on.
The article also notes that Japanese firms have already seen revenues from South Korea fall by double-digit percentages in retail and tourism, as South Korean consumers and tourists boycott Japanese goods and travel to the country.

The article says Tokyo started a trade war that it wasn't ready to fight, and notes that Shinzo Abe's "unreadiness to compromise" on bilateral sticking points, makes Tokyo look like the one that's "extreme."

Another article published by the U.S.-based Center for Strategic and International Studies says Japan's image as an economic leader has been "tarnished."
Tokyo has undermined its earlier endorsements of global trade links and economic diplomacy, thereby also diminishing

Seoul's support for such initiatives in trade, infrastructure and digital laws.
The article urges the two sides to engage in constructive working-level talks and not to escalate their dispute.
As for the export controls, it recommends that Japan suspend them.
Oh Soo-young, Arirang News.
Reporter : osy@arirang.com
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