Masayoshi Matsumoto, chairman and chief executive of Sumitomo Electric Industries, warned that prolonged restrictions on Chinese rare earth exports would create serious problems for Japanese manufacturing, particularly the automotive sector, which accounts for roughly 10% of Japan's GDP.
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“Prolonged restrictions would create serious problems for Japanese manufacturing, particularly the automotive sector, which accounts for roughly 10% of Japan's GDP”
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China's Top Economists Just Give Beijing A Dire Warning | Japan & China Tensions | Russia-China— China UpdateCreated: 8/12/2026, 6:27:25 PM
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