Japan and China Agree to Hold Talks on Rift After Noda Call
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Japan and China agreed to talks aimed at reducing tensions over a territorial dispute a day after Japanese Prime Minister Yoshihiko Noda warned that Asia’s two biggest economies would suffer without negotiations.
Officials from both countries agreed to hold vice-ministerial level discussions at an unspecified date, Japan’s Foreign Ministry said last night. The dispute “will have a number of mostly negative economic effects over the medium term,” Moody’s Analytics said in a report today.