China/Japan Island dispute – still simmering

This has quietened down, but it wont seem to go away …

China taunts Japan with ‘aircraft carrier’ exercise

A Chinese naval flotilla sailed between two islands in the Okinawa chain Nov. 28, a maneuver that the state Xinhua News Agency called an exercise to escort a “large surface vessel.”

… the area is Japan’s exclusive economic zone, and under certain circumstances foreign military exercises there could be seen as a challenge to Japanese territorial integrity.

Sooner this can be sorted and both countries get back to trading, the better. For example BBG reports:

  • Production at Nissan China dropped 44% in October &
  • Toyota China production dropped 61%

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

One Comment

  1. To get a good view of what the U.S. should be doing in re. China’s expanding role in the seas surrounding it, read the excellent series of articles in ArmySignalOCS.com. Starting back in August they discussed each of the countries affected by China’s muscle flexing, the U.S. situation with these countries, and what, if anything should be done differently. Japan was discussed in the September issue (http://www.armysignalocs.com/index_sep_12.html). This month, December, provides a summary of the articles and explains what is pushing China to be more agressive. It’s a fair and interesting series of articles, as it discusses American shortcomings too.

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