well a treatise P that began with the Japan's change of extra controls who are
expert restrictions on three materials used to make semiconductors and displays
to South Korea is intensifying by the day the feud is bound to hit the boiling
point with Tokyo's plan to expand its export restrictions by dropping South
Korea from a list of 27 countries granted preferential trade status as
early as tomorrow let's get an expert's view joining me
from Tokyo is dr. Yukiko fukagawa professor of economics and will set a
university dr. fukagawa welcome to the program now which industries do you
think will be hit the hardest if Japan removes South Korea from its white list
I'm sure probably that that procedure takes much longer time has become paired
before so it may affect the creek and flexible investment in in Korean side
but also it will affect we are constant and stable export from Japanese side
also so in the end both party will be negatively affected unfortunately now as
a Japanese economist with global knowledge and expertise what do you
think or what do you believe is Prime Minister office true motive behind such
measures I think the real message that our government since I'm not in the
government I didn't know exactly but as far as I know the message that we are
trying to send to Korean counterparts is that we've totally lost certain trust on
on Korean counterpart and that's it so if only we can recovers the trust again
anything would happen but the the issue of trust is very much important for
Japanese community and and I think that's probably the message that we
really wish to bring to the our Korean friends but it's just not politicizing
chin of free and open trade values oh of course we are so much committed to free
trade as Korea does and as Korea is so so that's why we desperately need some
direct talk especially the bilateral one because you can I don't think this
globalization's or the politicization won't work for both tests both of us so
we should talk directly what's the business sentiment in Japan like is
Japan's Expo restrictions in South Koreans boycott of Japanese products and
travels impacting Japanese firms as well I think business community is very
concerned about the development of these situations because we've been enjoying
the a mutual independence of the business relationship and we've been
receiving a large number of Korean tourists and we are enjoying via Korean
dramas or other cultural products so many people's are quite worrying about
this situation well as a Japanese economist with
extensive expertise in the Korea as well you're well knowledge in both of the
worlds in your view what are some key countermeasures that South Korea should
take in dealing with this issue I think one of the things that we can get
together is the trying to promote the business societies voice that business
should be separated from politicization and the second thing that we can do is
is to focus on the benefit of cooperation rather than the rivalries in
a bilateral relations so we have to cooperate together to sustain bit at the
TT regime and we have to make some consistent free-trader cream
and other kind of integration efforts to very much focus on the a future-oriented
strategy a growth strategy oriented one both economy I know is getting more like
software oriented Internet of Things or IT based or data based or whatever so we
have to broaden our views that we we are not so much so that we are not be so
much constrained by the 20 century kind of trade balance or this kind of
economic driver ease well dr. Yukiko Fukagawa professor of
political science and economics it was sarah university in tokyo many thanks
for your insights this morning we appreciated