- Home
- Market Trends
- Chinese missiles land in Japan ...
Kishida described the situation as “a significant problem that impacts our national security and the safety of our nationals” and said that Japan “lodged a protest with China through diplomatic channels.” China fired five missiles towards Japan’s exclusive economic zone during military exercises close to Taiwan. The Japanese government has verified the development. It is the first time a Chinese military ballistic missile has landed in Japanese territorial waters, according to defense minister Nobuo Kishi.
According to Kishida, “This is a major matter that affects both the safety of the people and the national security of our country.” Tokyo also protested the Chinese government diplomatically. In response to concern about whether the missiles crossed over the main island of Taiwan, Taiwan’s defense officials claimed that they traveled high in the sky and posed no threat. Due to worries about intelligence, the ministry stated in a statement that it would not reveal the Chinese missile’s flight route.
The area surrounding Japan in which it has exclusive rights to conduct activities like fishing is known as the exclusive economic zone. Taiwan is close to Okinawa, the southernmost island of Japan. Chinese ballistic missiles had never before touched down in Japan’s Exclusive Economic Zone (EEZ), according to Kishi. Beyond Japan’s territorial seas, the EEZ stretches up to 200 nautical miles from its coast. According to the Chinese military, the drills, which started on Thursday, included a “conventional missile firepower assault” in the waters to the east of Taiwan. The EEZ extends up to 200 nautical miles from Japan’s coastline, beyond the limits of its territorial waters. The drills began on Thursday, and involved a “conventional missile firepower assault” in waters to the east of Taiwan, the Chinese military said.
On Wednesday, Japan raised the alarm to China on the drills, stating that they were scheduled to take place in marine areas that bordered its Exclusive Economic Zone (EEZ). According to Kishi, all nine missiles are thought to have landed in regions that China had chosen for the military drills. The Japan Maritime Self-Defense Force (JMSDF) and the Japan Coast Guard (JCG) are responsible for protecting the EEZ of Japan. As an island nation, dependent on maritime trade for the majority of its resources, including food and raw materials, maritime operations are a very important aspect of Japanese defense policy. The exclusive economic zone only recognises the economic, scientific and environmental jurisdiction of the coastal countries and entry of a foreign fishing vessel into the EEZ is not automatically illegal. With regard to the above, a law (fishing sovereignty law, EEZ Fisheries Law) concerning the exercise of sovereign rights regarding fisheries, etc. in the exclusive economic zone (in Japanese) that regulates fisheries of foreigners within the exclusive economic zone of Japan is established.
This action could affect the countries trading relationship, in 2020, Japan exported $133B to China. The main products exported from Japan to China were Cars ($8.69B), Machinery Having Individual Functions ($8.52B), and Integrated Circuits ($7.42B). On top of the sensitive relation, the cooling of Japanese investment and trade with China has been largely affected by the economic security law, which imposed some restrictions and required tougher investment scrutiny for Japanese companies to carry out high-tech cooperation with China, Chen Zilei, director of the Research Center for Japanese Economics at the Shanghai University of International Business and Economics, told the Global Times on Friday.
“Although Japanese enterprises are still very optimistic about the development of the Chinese market, there are some legal restrictions, which are not conducive to the bilateral cooperation between these enterprises and Chinese enterprises,” Chen said. Japan’s accusation that China fired ballistic missiles into its exclusive economic zone close to Taiwan has heightened tensions between the neighbors, which often spar over human rights and historical grievances. The show of force was part of Beijing’s biggest cross-strait exercises in decades, and brought a renewed focus to concerns that any military action against Taiwan would have serious ramifications for Japan. That could fuel arguments in Tokyo for a swift increase in defense spending and looser constitutional restrictions on the military.
How did we find out about this information?
By using Trade Data Pro , we can see all the important information such import and export data as well as buyers archives. Users can view shipping data provided by logistics partners to make better informed decisions in advance. Using Trade Data Pro custom data, we can see that Chinese customs data show Beijing has also blocked the imports of over 2,000 food items from Taiwan out of about 3,200, spanning products from tea to biscuits to fish. On Monday, Taiwan media reported that China banned food imports from more than 100 of the island’s suppliers. Use Trade Data Pro to keep updated with the latest information and make the first move.
The most trustable and reliable source for Trade Data.
Trade Data Pro is proudly made in Singapore. Singapore has been one of the world’s most politically stable countries, with an open and trade-driven economy. Trade Data Pro is presented by CIC, a government-linked company in Singapore CIC is a Join Venture of Zall Smartcom, SGX and GeTS.) Since the launch of Trade Data Pro in 2018, Trade Data Pro has received overwhelmingly positive remarks from market. This is because Trade Data Pro has wide coverage, low cost, and fast response. There are many leading companies from different industries that have subscribed to Trade Data Pro . Trade Data Pro was awarded with Singapore Quality Class in 2020 and Stevie Award Gold in 2021.
Businesses need information to reveal trends, identify market opportunities, track competitors buyers and suppliers, and better understand supply chain potential. Finding these critical data has traditionally been challenging. But this information do exist, but as part of government import and export filing requirement. The detailed shipment information which are within these filings constructions the core of the global trade. Trade Data Pro has gathered and packaged these information as business intelligence. Our solution helps companies understand the flow of goods across borders and features the world’s largest searchable trade database. We do the heavy lifting for you by reviewing, standardizing, and cleaning data, then delivering in an intuitive format.
If you want to learn how to use Trade Data Pro or request an online demo to improve your business, please contact us or email us at: sales@cic-tp.com
Recent Posts
Archives
- November 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2021
Categories
Recent Post
Impact of US Elections on Global Trade
- November 29, 2024
- 8 min read
How Fed Rate Caution Affects Trade Data
- November 22, 2024
- 8 min read
The Trump Effect: U.S. Inflation and Its
- November 16, 2024
- 9 min read
All Tags
Agriculture Automotive Brazil Business Business Opportunities Buyers China Coffee Commodities Crops Ecommerce Economic Economy Electronics Energy Environmental Europe Export Exports Future Garments Global Import India Industries International Trade Leads Leads Generation manufacturing Markets Opportunities Pharmaceuticals Prices Rice Russia Supplier Textiles Trade Trade Data Trade Data Pro Turkey Ukraine United States Vietnam Worldwide