Japan Files Trade Dispute with China over Steel

December 21, 2012 Share Print 0

Japan launched its second-ever trade complaint against China at the World Trade Organization on Thursday, challenging Beijing’s claim that Japanese steel firms are competing unfairly in the world’s biggest steel market.

Japan’s case was filed the day after it won a WTO ruling against Canada and four days after a landslide election win for the Liberal Democratic Party, whose leader Shinzo Abe has talked tough in a territorial dispute with China.

The complaint seeks to overturn China’s decision to levy anti-dumping duties on Japanese exports of high performance stainless steel seamless tubes, which are used in coal-fired power plants.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.