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If China Restricts Rare Earth Exports, Japan Faces 2.6 Trillion Yen ($18B) Economic Hit

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https://www.yna.co.kr/view/AKR20260107035452073

◇ China plays the 'Rare Earth' card again since the 2010 Senkaku dispute... All eyes on Japan's response. China's rare earth export restrictions are considered the economic retaliation measure Japan has been most wary of since the deterioration of Japan-China relations. According to the Ministry of Economy, Trade and Industry, Japan's dependence on Chinese rare earths dropped from 85% in 2009 to 58% in 2020, but it remains high.

China Japan Economy Rare Earths Geopolitics

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"Netizens are debating whether the economic hit is worth the political moves, with many using dark humor about Abe's 'silence' and mocking the government for prioritizing approval ratings over the economy."

#Mixed