Economy

xchrom

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25. Japan Is Worried That Western Sanctions On Russia Would Hurt Tokyo

Wed Mar 5, 2014, 09:04 AM

Mar 2014

http://www.businessinsider.com/r-japans-embrace-of-russia-under-threat-with-ukraine-crisis-2014-05

TOKYO (Reuters) - Russia's incursion into Ukraine is setting off alarm bells in Tokyo, where officials worry that any push by Japan's Western allies to impose economic penalties will undermine its drive to improve relations with Moscow.
While U.S. President Barack Obama and other G7 leaders of advanced economies talk of sanctions or other punitive responses, Japanese officials say ties with Moscow remain on track.

There has been no change in the direction of economic and resource diplomacy between Japan and Russia, Trade Minister Toshimitsu Motegi said on Tuesday.

In reality, "they are in a state of shock", one diplomatic source close to the situation said, referring to Japanese officials. "It is a big pain in the back for the Japanese government."

Read more: http://www.businessinsider.com/r-japans-embrace-of-russia-under-threat-with-ukraine-crisis-2014-05#ixzz2v5pk6bRL

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