world-economy

China Expands Export Controls Targeting 40 Japanese Entities Amid Political Tensions

China has broadened its export-control measures against Japan, adding 40 entities to its restrictions list. The escalating trade pressure reflects intensifying diplomatic friction between Beijing and Tokyo's government leadership. Japan's economy shows resilience in some areas: retail sales advanced for a third consecutive month in May, driven by wage growth and government cost-of-living assistance programs. Policymakers are signaling support for measured monetary management, suggesting reluctance toward further interest rate increases from the central bank. Trade pressures extend globally. Germany's export-dependent economy faces mounting pressure from China's import slowdown and rising U.S. tariff threats, with limited policy alternatives available. Shipping consolidation efforts also encounter regulatory hurdles, as government oversight potentially blocks major industry transactions.