March 13, 2019 11:13
Japanese Finance Minister Taro Aso on Tuesday warned of retaliation against Koreans over the Supreme Court's recent decision here to seize the assets of Japanese businesses who refused to compensate victims of forced labor. Aso threatened to ban money transfers to and from Korea and stop visas for Koreans.
According to Kyodo News, Aso told the Diet on Tuesday, "I believe various retaliatory measures will take place, including the cessation of money transfers and visa issuances in addition to tariffs. We are holding talks at a stage just prior to that level and need to take adequate measures." But he added, "We are working hard so that the retaliatory measures will not be necessary."
Earlier, Jiji Press reported that the Japanese government plans to retaliate by raising tariffs on Korean exports should the victims of forced labor sell the seized assets of Japanese businesses to recoup the compensation they are owed.
Tokyo insists that all compensation claims for its colonial and wartime atrocities were settled with a lump sum under a 1965 treaty, but the Supreme Court here has ruled that a treaty between states cannot override individual victims' claims.
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