A standoff between Tokyo and Seoul points to mutually assured damage, says mak_robyn:
South Korea’s President Moon Jae-in said on July 10 that the government will sharply increase spending to help local companies reduce their reliance on Japanese suppliers.
A day earlier, Japan’s Industry Minister Hiroshige Seko raised the possibility of more measures against South Korea on top of its July 4 move to tighten restrictions on exports of three materials used in smartphone displays and chips. The pair, locked in a dispute over South Koreans forced to work for Japanese firms during World War Two, plan to hold talks on July 12, Reuters reported.
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