Japan protests over signs of renewed Chinese gas exploration
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Chinese naval vessels participate in a drill on the East China Sea, China, August 1, 2016. Picture taken August 1, 2016. China Daily/via REUTERS
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
TOKYO (Reuters) - Japan has protested to China over signs it is pressing ahead with maritime gas exploration in the East China Sea despite Tokyo's repeated requests to stop, Japan's top government spokesman said on Wednesday.
The exploration platforms are on the Chinese side of the median line between the two countries, but Japan accuses China of ignoring a 2008 agreement to maintain cooperation on resources development in an area where no official border has been drawn.
China said in July it had every right to drill in the East China Sea close to waters disputed with Japan, adding that it did not recognize the "unilateral" Japanese median line setting a boundary between the two.
Ties between China and Japan, the world's second- and third-largest economies, have already been strained by their conflicting claims over a group of tiny East China Sea islets and the legacy of Japan's wartime aggression.
"Earlier this month, flares were newly witnessed at two of the gas exploration platforms China had installed in the East China Sea," Chief Cabinet Secretary Yoshihide Suga told reporters.
"It is extremely regrettable that China, despite our multiple representations, is carrying on with unilateral development in an area where no maritime border has been set. We protested to China through diplomatic channels right away."
Chinese Foreign Ministry spokesman Geng Shuang said on Thursday Chinese gas exploration was carried out in waters "indisputably under Chinese jurisdiction".
"It is a matter completely within China's rights and jurisdiction," he told a daily news briefing in Beijing.
Japan is also at odds with China's South China Sea claims.
China claims most of the South China Sea, through which more than $5 trillion of trade moves annually. Brunei, Malaysia, the Philippines, Taiwan and Vietnam have rival claims.
Japan has no territorial claims over the waters, but much of the trade is to and from Japanese ports.
(Reporting by Kiyoshi Takenaka; Additional reporting by Michael Martina in Beijing; Editing by Nick Macfie)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iraq says army makes gains in grueling Mosul battle
- Syria, Russia pound rebel-held Aleppo but advances halt
- Turkey's AK Party submits reform plans aimed at expanding president's powers
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!