Japan Korea: Shaun Roache and Export Licenses

japan korea: If anything interferes with this bilateral trade between Japan and Korea, China's technology supply chain is going to be disrupted, Roache said in an interview in Tokyo, according to The Japan Times. Even small disruptions further upstream could have very, very large impacts downstream. While there may be isolated winners in the stock market, an ongoing dispute will have global implications, boosting production costs for technology components or cutting output, said Shaun Roache, the chief Asia-Pacific economist at S&P Global Ratings. ; If Japan stops granting export licenses, South Korea would have to either curtail production or pay a much higher price to secure crucial materials, a move that will impact China, he said. The best-case scenario is for the dispute to go away completely, but even if it is resolved, Roache sees the potential for long-term trust issues. Trust goes down. It's going to be persistent damage to trust between the two countries and trust in the global trading system, which is already what we're starting to see, he said. (news.financializer.com). As reported in the news.