Global Business Fears 'Economic Dislocation' if China-Japan Rift Deepens
Global business leaders are voicing increasing concern over heightened political tensions between China and Japan, sparked by a maritime dispute in the East China Sea. They fear an escalation may have a spill-over effect on their regional operations and damage trade ties between the world's second and third-largest economies.
"Everyone is taking their cue from last year's earthquake and tsunami in Japan...no one expected what the damage would be," said Stephen Bosworth, dean of The Fletcher School of Law and Diplomacy at Tufts University, and former U.S. Ambassador to South Korea between 1997 and 2001. "All these things have consequences. This is probably the most tightly integrated region in the world in terms of trade and investment."
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