Investing.com - Financial Markets Worldwide

Japan to ask China to solve rare earth problems

Published 10/04/2010, 09:56 PM
Updated 10/04/2010, 10:00 PM

TOKYO, Oct 5 (Reuters) - Japan's trade minister said on Tuesday he will ask China to improve its exports of rare earth minerals to Japan after importers reported problems.

A ministry survey showed 31 firms had experienced problems in receiving shipments of the minerals from China, Trade Minister Akihiro Ohata told a regular news conference.

"The results of the survey are different from what China told Japan formally, so we as a government would like to ask China to resolve the issue as soon as possible," Ohata said.

Ohata said he would ask China to resolve the reported problems through diplomatic channels. He said the survey results would be sent to Japan's embassy in Beijing on Tuesday.

The survey of 152 firms, to which 66 replied, was conducted Sept. 28-30. (Reporting by Risa Maeda; Editing by Edwina Gibbs)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.