ISLAND HOPPING … MAD: Economic shockwaves are striking Japan after it nationalized tiny, uninhabited islands, which were already under Tokyo’s control but are also claimed by Beijing. The claim on the islands, called Senkaku in Japan and Diaoyu in China, set off violent protests in China, and a widespread call to boycott Japanese goods.
INTERNATIONAL CAR CRASH: Sales of Japanese cars in China are in a free-fall. A report by J.P. Morgan, released Tuesday, projected Japanese auto exports to China will crash 70 percent during the October-December period. The export of auto parts will slip by 40 percent.
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