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China Protests: Japanese Firms Suspend Some Operations

Protests over tiny islands in the East China Sea are disrupting trade relations between China and Japan, respectively the world’s second and third largest economies. In response to violent protests, including alleged arson of some Japanese retailers, major firms, including Panasonic, Honda, Canon, Mazda and others are temporarily suspending operations, reports BBC News. Toyota is continuing operations. “Calls for boycotts of Japanese businesses and products have been spreading in the streets and on the internet,” the BBC News article reports. “The disputed islands, known as Diaoyu in China and Senkaku in Japan, are uninhabited but resource-rich.” The article suggests that anger surged after the Japanese government moved to purchase three of the islands from a Japanese businessman. Protests and plant closures could disrupt global markets; US officials are calling for calm and restraint. Multinational firms are not keen to invest in nations where violent protests are quick to erupt. – YaleGlobal

China Protests: Japanese Firms Suspend Some Operations

Some of Japan's biggest firms have suspended operations at Chinese factories; safety concerns grow amid violent anti-Japan protests
BBC News, 21 September 2012
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Source:BBC News
Rights:BBC © 2012