Japan's new economic Exchequer kaeda Wanli (BanriKaieda) said that the dispute in the two countries to Japan during the introduction of de facto ban on rare earth export, will lead to Tokyo to find these new source of strategic minerals.
Kaeda Wanli in United Kingdom by the financial times interview calls on China to "eliminate export restrictions as soon as possible".
He also added that Japan will attempt to develop alternative re for high-tech products.
Kaieda's remarks highlight thousands of international leading rare production increasing concern about the fact. Rare earths used in a variety of high-tech products, from precision-guided weapons to hybrid cars.
China earlier this year introduced new rare earth export total quota, this has prompted the United States to start the recovery efforts of rare-earth production.
Beijing denies on destinations for Japan's rare earth export any ban. But traders say, the related shipping port in China was delayed again and again without any explanation, the background is a Chinese fishing vessels at sea and the Japan Coast Guard conflict occurs after tense relations between the two countries. "Re export ban actually existed," kaeda miles. "Importantly, China should stop this very unusual action. ”
Two weeks ago in a cabinet reshuffle in appointing kaeda, emphasized the largest two economies and the importance of maintaining friendly relations.
He said that Japan would continue to play China rare earth big buyers role that China's global re supply more than 90%.
However, kaeda Wanli pointed out that Japan's lack of preparation of rare earth export restrictions. He took the side of this limit is called a "surprise".
He added that "(it seems) need to start working, development (to be able to play a high-tech products and the same role) substitute products. ”
Kaeda Wanli, Tokyo will also seek to develop other rare sources of supply. This policy may be "effective" help reduce pressure on the Yen's appreciation.
Japan Prime Minister Naoto (NaotoKan) last week to United Kingdom financial times said that the development of overseas resources as "a set of" integral part of the possible measures with the aim of promoting greater Yen "right" level.
Resource-poor Japan already in use of public financing institutions to support the private sector to the overseas investment of energy and mineral resources. Kaeda Wanli hinted that the strength of the yen may be beneficial to purchase foreign mining rights.
The Minister of economy and finance, said that other potential suppliers have also been incorporated into Japan.
"I think we need to discuss with those countries, to participate in those places," he said.
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