Non-buying movement, impact on the Japanese economy is almost zero
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Korea's diplomacy, more than a skill [Kong Byung-ho TV]
11/19/2019

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Chuo Daily (Joong Ang Ilbo)

“The impact of the Japanese non-buying movement (so-called NO JAPAN) on the Japanese economy is almost zero.”

I posted an article.

This is the opinion of a Japanese expert.

I have quoted only the content related to the non-buying movement.

 
“Non-buying movement has zero impact on the Japanese economy”
... a hard-line Japanese perspective
https://japanese.joins.com/JArticle/259704?sectcode=A10&servcode=A00
Central Daily ( Jongong Ang Ilbo) 2019.11.19
 
Japan experts insist on 18th 'Seminar on improving Japanese economic relations'
"97% drop in beer exports .. 0.15% in total exports"
"Korea's low-growth approach .. Decreased attractiveness of investment in Japanese companies"
"Uncertainty of Japanese corporate reliability .. Concerns around the world"
"Need to take positive action to resolve the Japanese government's complaints"
 
18 일 오전 서울 소공동 소공동 열린 '한일 경제 관계 개선 세미나' 에서 패널 들이 '한일 경제 전문가 진단, 한일 관계 개선 및 개선 대응' 을 주제 로 토론 을 하고 있다. 왼쪽 부터 이지 평 LG 경제 연구원 상근 자문위원 , 다캬 아스 유이치 다이토 분 카대 교수, 서석숭 한일 경제 협회 부회장, 무 코야마 히데히코 일본 종합 연구소 수석 주임 연구원, 정성춘 대외 경제 정책 연구원 선진 경제 실장. [연합 뉴스]
 
18am Seoul, Jung-gu, Seongdong-dong
At a “Japan Economic Relations Improvement Seminar” held at Lotte Hotel
Panel 'Korean Japanese Economic Expert Diagnosis, Korea-Japan Relations Improvement and Improvement Response'
We are discussing on the subject.
From the left side, Lee Chi-pyung LG Economic Research Institute full-time advisory member,
Yuichi Takayasu Professor, Daito Bunka University
Seo Suk-sun, Vice President of Korea-Japan Economic Association
Hidehiko Mukouyama, Senior Researcher, Japan Research Institute,
Jung Sung-Chun Director of Advanced Economics Department, Foreign Economic Policy Research Institute.
 

<"The impact of non-buying movements on the Japanese economy is close to zero."

While the concerns about the economic world of both countries deepen due to the prolonged conflict between Korea and Japan,

Held on the 18th by the Korea-Japan Industrial Technology Cooperation Foundation and the Korea-Japan Economic Association

This is the voice of a Japanese expert who participated in the “Korea-Japan Economic Relations Improvement Seminar”.

 

I came out as the first presenter at this day's seminar
Professor Yuichi Takayasu of Daito Bunka University Faculty of Economics
Accompanying Japanese government export control measures
He argued that the influence of the non-buying movement on the Korean side was "minor from a macro perspective."
 

< ・ ・ Former Economic Planning Agency and experience working at the Japanese Embassy in Korea

Professor Yuichi Takayasu claims that

It speaks for why the Japanese government can maintain a strong stance.

He said, “The Japanese government ’s export control optimization

(Export control measures in South Korea) have little impact on the two Japanese economies.

Because there are few sales of Japanese material and parts manufacturers that are subject to export control,

It does not affect the entire Japanese economy. "

Said.

 

continue

“The impact of the non-buying movement on the Japanese economy is almost zero.

Japanese beer exports decreased by 97% (August)

That said, the share of total exports is only 0.15%,

The decline in Korean visitors to Japan has no impact on personal consumption. "

Emphasized ...>

 
지난 8 월 9 일 서울 종로구 옛 앞에서 한국 학원 총연합회 일본 제품 불매 운동 전개 기자 회견 에서 학생들 이 구호 를 외치고 있다. 전국 의 학부모, 학원 교육자 등 이 소속 된 학원 총연합회 는 일본 로 했다. [뉴스 1]
 
August 9th, Seoul, Jongno-gu
Korean Academy (Juku) General Federation in front of the Japanese Embassy in the past
Students are screaming slogans at the press conference for the Japanese product non-buy movement.
Students, parents, and institutes (schools) educators from all over Japan
Gakuin (Juku) General Federation decided to participate in the Japanese product non-buy movement.
[News 1]
 
In this day's seminar, apart from Japanese economic measures
“Korea is no more attractive for Japanese companies to invest in”
It was also pointed out.
Korean and Asian economics expert
Hidehiko Mukouyama, Senior Researcher at the Japan Research Institute,
“South Korea is entering a low-growth trend faster than Japan.
From the standpoint of Japanese companies, the attractiveness of investing in South Korea has dropped.
Said.
continue
“Japan's direct investment in Korea peaked in 2012,
Now, the number of companies withholding business investment in South Korea is increasing.
Among the regions with promising medium-term business developments by the Japan Bank for International Cooperation
Korea fell from 10th place in 2017 to 13th place in 2018. "
Explained.

Researcher Hidehiko Mukouyama
“As such, the chemical field will be selected as a promising business in Korea.
Domestic production of materials and parts in South Korea (by the Japanese government)
Because there is a movement to attract Japanese companies with it. "
Said.
On top of that he
“Companies in South Korea and Japan co-invest in a third country
The flow of cooperation from the global supply chain side will be strengthened. ''
He expected.
 
 

From Korean experts who attended the seminar
"Japan's measures are increasing global uncertainty"
It was pointed out.
 
Lee Ji-pyung full-time advisory member of LG Economic Research Institute
“I was worried about the supply reliability of Japanese companies that I believed.
Dependence on Japanese companies in each country
They are showing movements to check whether this is acceptable.
In the trend of strengthening protectionism
There is concern that this uncertainty can increase the uncertainty of the global economy. ''
Said.
 
Jung Sung-Chun, Director of Advanced Economic Affairs Department, Foreign Economic Policy Research Institute
“It is necessary to understand the position of the Japanese government more precisely.”
Insisted.
He
“If you look at the dissatisfaction with the Japanese government ’s export system in Korea,
Inadequate catch-all system, lack of export control personnel,
It has been pointed out that they do not respond to policy dialogues between the two countries.
The South Korean government needs to respond positively to resolve these complaints. ''
Pointed out.
 
Seo Suk-sun, Vice President of Korea-Japan Economic Association, who was in charge of the debate on this day,
“What the business community and companies hate most is
Consistency, transparency, and predictability will fluctuate.
Currently, such value is threatened between the two countries.
The government and the private sector, the past and the future, politics, diplomacy and the economy have been separated separately
The recovery of the economic bases of both countries is urgent. ''
Said.

Kim Sang-jin reporter kine3@joongang.co.kr
 

One of the common illusions

“50% decrease in Korean visitors to Japan!”

That's certainly exciting news,

“A 5% increase in foreign visitors to Japan.

Then what,

It ’s said that you do n’t feel bad, or the impact is weak.

 

But to judge the data for all foreigners visiting Japan,

The latter is overwhelmingly appropriate data.

The Korean side emphasized it as a “patriot”

Like every day, “Japan is so in trouble!”

This is the actual situation of NO JAPAN.

 

Nonetheless, this is why "Japan is strong"

It is out of the question to analyze.

It is true that the strength of the Japanese economy is supporting the Abe administration,

"You can get out because you don't have trouble with money"

It would be a mistake to discuss export control to Korea.