China, Japan and Taiwan
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Beijing is using its economic power and military muscle to convey its anger with Japan’s new prime minister, Sanae Takaichi — and to send a message to the U.S.
Bank of Japan Governor Kazuo Ueda and key economic ministers in the country's new government have agreed to watch market developments with a "strong sense of urgency," Finance Minister Satsuki Katayama said on Wednesday.
Beijing is flexing its military and economic might to show its displeasure with the Japanese leader’s comments about defending Taiwan. But its aggressive approach risks backfiring.
Japan’s economy contracted for the first time in six quarters, supporting Prime Minister Sanae Takaichi’s case to compile an ambitious economic stimulus package.