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Significance
Beijing criticised the G7 summit hosted by Japan and opposes Japan’s plans to discharge contaminated water into the sea. Tokyo’s recent white paper on defence highlights the threat from China, and Japan is restricting some technology sales to China.
Impacts
Beijing’s confrontational approach to Taiwan and incursions near Japan raise the risk of a military incident.
Defence manufacturers will benefit from Japan’s rapid increase in military spending.
Public opinion will impact on tourism and consumer goods sales in both countries.
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2023
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