This week’s story brings an old story back to the front page. China and Japan are quarreling over the fishing boat accident again, that happened late in 2010. This time Japan has sent the fishing boat captain a letter for the repairs to their coast guard boats.
You probably heard about this story, because as it escalated China stopped trading rare earth materials (magnets and other things used in electronics) to Japan.
It also caused all of China’s neighbors to pause for a moment and realize that China was positioning itself for a new role in the region, and it might not be a positive thing for them. I don’t think it was a coincidence that China’s GDP had just passed Japan’s a month or so before the incident.