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Seko says seeking explanation for South Korea's removal of Japan trade status

Seko says seeking explanation for South Korea's removal of Japan trade status
FILE PHOTO : Japan's Trade and Industry minister Hiroshige Seko speaks at a news conference at Prime Minister Shinzo Abe's official residence in Tokyo, Japan, August 3, 2016. REUTERS/Kim Kyung-Hoon -
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KIM KYUNG-HOON(Reuters)
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TOKYO (Reuters) – Japanese industry minister Hiroshige Seko said on Thursday that South Korea’s reason for deciding to revoke Japan’s preferential trade status was unclear and that he was seeking a detailed explanation.

Seko also told a news conference there would be little impact from the move on Japan’s economy.

South Korea on Monday said it would remove Japan from a list of countries with fast-track trade status from September, citing problems with export control measures. The move deepens a diplomatic rift between the two Asian neighbours.

(Reporting by Ritsuko Shimizu; Writing by Chris Gallagher; Editing by Joseph Radford)

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