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)