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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan bans trade with NKorea AFP - Wednesday, June 17 TOKYO (AFP) - - Japan on Tuesday banned all remaining trade with North Korea to punish the isolated communist regime for its latest nuclear and missile tests, the government said. ADVERTISEMENT Prime Minister Taro Aso's cabinet "agreed on a ban on all export goods" to the impoverished state on top of an import freeze imposed after the North's first atomic test in 2006, said Chief Cabinet Secretary Takeo Kawamura. Tokyo's latest move comes amid worries Pyongyang may soon conduct a third nuclear test after the UN Security Council voted Friday for tougher sanctions in response to the regime's May 25 underground test. Japan's exports to the North -- mainly machinery and transport equipment such as trains and vehicles, food, electronics and industrial goods -- totalled just 792.6 million yen (8.2 million dollars) last year, the finance ministry says. Analysts see Japan's new sanctions as largely symbolic because North Korea conducts the bulk of its trade with its large communist neighbour and closest ally China, also its biggest source of aid. "Japan's additional sanctions won't have a substantial impact on North Korea," said Lee Young Hwa, a Korean affairs expert at Kansai University. "The only thing left for Japan to do now is to persuade China to fully comply with the UN sanctions," Lee told AFP. Kawamura, the top government spokesman, insisted the trade ban was more than a token gesture. "What's most important is that North Korea make the right response... to Japan's strong message, even though there are people who point out the volume of exports is small," he said. The ban on exports will be effective until April 13 next year. The UN Security Council resolution adopted Friday, which does not authorise the use of force, calls on member states to impose expanded sanctions on the regime of Kim Jong-Il over its latest provocations. For Japan, a total export ban was among the last economic measures it had left to use against North Korea. It stopped all imports in 2006 when it also banned most visits by North Korea's citizens and port calls by its ships. To target the regime's leaders, Japan has also enforced UN rules and banned exports of 24 luxury products -- including caviar, fatty tuna, beef and several high-end consumer electronics. Last month Japan also tightened a watch on money flows to North Korea, requiring all remittances over 10 million yen (100,000 dollars) to be reported, lowering the limit to a third of the previous threshold. Under the latest changes, foreigners living in Japan will be banned from re-entering the country if they violate any of the restrictions on trade, monetary flows and travel to North Korea, media reports said. Kawamura said Monday that Japan was also mulling law changes to allow it to conduct UN-authorised ship inspections of North Korean vessels suspected to be carrying missile or nuclear materials. The spokesman said the government would propose details about the plan to the ruling coalition this week. Japan's post-World War II pacifist constitution strictly limits the operations and reach of its navy, and the coast guard can usually carry out cargo inspections only within Japan's territorial waters. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Genzyme shuts down facility after detecting virusAP - 2 hours 56 minutes ago New Opera technology allows simple content sharingAP - Wednesday, June 17 Ex-CEO Greenberg defends AIG fund actionsAP - 2 hours 1 minute ago Bankers group sees U.S. recession ending in third quarterReuters - Wednesday, June 17 Ga. PSC reconsiders controversial voteAP - Wednesday, June 17 Enlarge Photo Japan bans trade with NKorea Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Men's 'stiff upper lip' may explain cancer death rate Obama signs note for girl who played hooky to see him Court orders Exxon to pay $507.5 mln for 1989 spill Airbus a big winner at Paris Air Show Luanda is world's most expensive expat city: survey View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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