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Noda warns China’s reaction to territorial dispute could weaken its fragile economy

Tokyo, Sept. 24 (ANI): Japanese Prime Minister Yoshihiko Noda has warned China that its inflammatory reaction to the territorial dispute, from violent protests to apparent informal trade sanctions, could further weaken its already-fragile economy by scaring away foreign investors.

“China should be developing through the various foreign investments it receives,” Yoshihiko Noda said.

“I hope for its levelheaded and rational understanding that anything to discourage that is a disservice to itself,” Noda told the Wall Street Journal

Noda’s warning came following a tense week in which Japanese factories were torched and cars overturned, and Chinese patrol boats hovered in and around territorial waters controlled by Japan.

“Recent delays in customs and visa issuance are of concern,” Noda continued, referring to reports that Japanese companies were now facing a form of economic harassment.

“Damaging our ties over such things would be bad for not just the two countries’ economies, but for the global economy,” he added.

According to the report, he gave Chinese officials some credit for trying to calm things down, saying “the government itself is calling for restraint, and I believe it is trying to defuse such behavior and actions,” he said, referring to the protests.

“However, I don’t think they’ve been entirely successful yet,” he added.

He implied that other countries would conclude they are vulnerable to the same kind of harassment that Japan is facing, and possibly curb investments.

Noda’s remarks came after statements by Japanese business leaders that they may begin to rethink their ties with China. (ANI)

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