Japan Calls China’s Military Move `Unacceptable’

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Nov. 25 (Bloomberg) –- Bloomberg’s Willie Pesek reports on the escalating tensions between Japan and China over the Island chain in the East China Sea. He speaks to Rishaad Salamat on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)

Complaint, and the u.s. and south korea have launched concerns.

Let's check reaction in tokyo to this.

Joining us is willie.

What prompted this, and how hot can this get?

This is a steady ratcheting up of tension that has been going on in recent years.

Certainly a newish leader trying to flex his muscles, and to give japan a sense of where the boundaries lie, but if you look at the state of lay in northeast asia, there has been a steady ratcheting up, and this is part of it.

By china declaring the airspace around the open seas, this takes quite a bit.

When you think about the events where japan protested, the u.s. came forward and said we have japan act -- japan's act, this is what people have feared.

It could snowball into some uncontrollable event.

I don't think people expect war between these economies or nations in north asia, but in many ways the risk of ships and planes in close proximity, the risk of conflict has increased over the last couple days.

The nikkei is a bit weaker.

When and how might this begin to upset markets.

That's a good question.

I am a bit surprised markets have been sanguine about this.

Many say this is not a big deal in terms of the real world we live in, but when you look at the events of the last 12 months, the extent to which you have seen japanese ships meeting in the open seas, and we see fighter planes being scrambled in the region, the risk of miscalculation of any kind of accident is there, and stakes are rising.

One day we could see shots fired, and that would be an interesting ink.

If you are an investor, what do you do with that?

Anyone who thinks china's rise in 2000 14 and in 2015 is going to sit well with the japanese and the koreans and americans, it's a bit of a pipe dream.

What can asian leaders do to cool things down around here.

It sound like an obvious thing to say, but they need to talk.

We have a situation where three of the four biggest economies cannot even speak.

We haven't had a summit yet.

What we need to do is set up some kind of infrastructure where every year these three leaders get together and talk no matter what.

Maybe they can compartmentalize these stocks and focus on things they really do want to talk about -- trade, security, north korea, these issues where there is common ground, but the idea that these leaders cannot get into a room and talk is holding back china and korea and japan's

This text has been automatically generated. It may not be 100% accurate.

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