September 17, 2012
Major electronics firms Panasonic and Canon have temporarily suspended production at factories in China after a territorial dispute over a group of uninhabited islets in the East China Sea triggered violent anti-Japanese protests.
Sites linked to auto manufacturers Toyota and Honda have also been attacked in the unrest, which has forced frightened expatriates into hiding and sent relations between Asia’s two biggest economies into crisis.
Ratcheting up tensions further on Monday, Chinese state media warned Japan it could suffer another “lost decade” if trade ties soured. Japan counted China as its top trade partner last year, with total two-way trade of more than $340 billion.
A report in the Japan Times on Monday, posted on Twitter, said 1,000 fishing boats were sailing towards the disputed islands – a move likely to further inflame tensions.
This article was posted: Monday, September 17, 2012 at 9:42 am