China and Japan: Trade Wars
Editorial, Christian Science Monitor | October 1, 2010
A number of states from Latin America and Asia have engaged in currency devaluations of late in order to help their export businesses. ++ Sanctions are also used for political purposes, as in the case of Iran. ++ Now a Chinese move sent “shivers around Asia and into the Pentagon,” as Beijing curtailed the sale of rare-materials to Japan’s high-tech industry. ++ This trade spate over several small islands sets a dangerous precedent, as “the global economy needs safeguarding, and China has yet to understand that."
