China Sure to Hit Back Over Chip Controls, Japan Lawmaker Says
- Japan, Netherlands expected to join US semiconductor curbs
- Beijing halted visas for travelers from Japan over Covid tests
A member of the honor guard holds a Japanese flag ahead of a visit by Japanese Prime Minister Fumio Kishida at the White House on Jan. 14.
Photographer: Ting Shen/BloombergChina is “100% sure” to retaliate over Japanese backing for Biden administration restrictions on semiconductor exports, and firms facing the fallout should look for markets elsewhere, a ruling Liberal Democratic Party lawmaker said.
“China will come back with stronger retaliation and Japanese companies doing business there will probably be damaged,” said Shigeharu Aoyama, who serves on the party’s committee covering trade and industry. He made the comments in a Thursday interview with Bloomberg News after it reported the Netherlands and Japan are close to joining the US-led effort to restrict exports of the technology to China.