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Panasonic, Canon shutter China factories amid violent anti-Japan protests

Posted By admin On September 17, 2012 @ 9:42 am In Money Watch,Tile | Comments Disabled

NBC News [1]
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.

Full story here. [1]

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URLs in this post:

[1] NBC News: http://worldnews.nbcnews.com/_news/2012/09/17/13908056-panasonic-canon-shutter-china-factories-amid-violent-anti-japan-protests?lite

[2] Anti-Japan protests erupt in 100 cities in China on Mukden Incident anniversary: http://www.prisonplanet.com/anti-japan-protests-erupt-in-100-cities-in-china-on-mukden-incident-anniversary.html

[3] China’s military flexes muscles in East China Sea amid Japan war shrine tensions: http://www.prisonplanet.com/chinas-military-flexes-muscles-in-east-china-sea-amid-japan-war-shrine-tensions.html

[4] Anti-Japan protests arranged by Chinese government: Ai Weiwei: http://www.prisonplanet.com/anti-japan-protests-arranged-by-chinese-government-ai-weiwei.html

[5] Japan, China Escalate Dispute Over Five Islands in E. China Sea: http://www.prisonplanet.com/japan-china-escalate-dispute-over-five-islands-in-e-china-sea.html

[6] Japan protests as Chinese ships enter disputed waters: http://www.prisonplanet.com/japan-protests-as-chinese-ships-enter-disputed-waters.html

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