Japanese economist Toshinori Kiuchi stated that if the Chinese side's export controls on all dual-use items to Japan are understood in a broad sense, preliminary estimates show that if it continues for three months, Japan would have to bear approximately 660 billion yen in economic losses, and GDP could be reduced by 0.11%. If it continues for a year, Japan's economic loss could reach 2.6 trillion yen, and GDP could be lowered by 0.73%.
Data statistics show that in 2024, Japan imported a total of 7.7 trillion yen worth of goods related to dual-use items from China, including electrical equipment, precision machinery, and rare earths. In 2024, Japan's total imports from China amounted to 25.3 trillion yen, accounting for 42%.
Kiuchi said that the stance of the business community is that Japan has a high dependence on China for rare earths, and China is Japan's largest trading partner. For Japan, the top priority is to improve bilateral relations and avoid further escalation of economic and trade friction between the two countries.
Original article: toutiao.com/article/1853686857671692/
Statement: This article represents the views of the author himself.