Japan likely to join all US-led sanctions on Russia – Yomiuri | The mighty 790 KFGO

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TOKYO (Reuters) – Japan is likely to join US-led sanctions against Russia, including an export ban on chips and other key technologies, should President Vladimir Putin order an invasion of Ukraine, the Yomiuri newspaper reported on Tuesday.

A decision by the world’s third largest economy to join its ally the US and other G7 industrialized nations in threatening economic sanctions comes as the crisis in Europe deepens. The Russian leader Monday ordered troops into two breakaway regions in eastern Ukraine that Russia now recognizes as independent states.

The tech export ban Japan is considering would be broader than the one imposed on Russia after it occupied Crimea in 2014, with Tokyo also considering tougher restrictions on Russian banks, Yomiuri said.

Government ministers were not immediately available for comment.

Japan has historically taken a softer diplomatic approach to Russia than the United States, with successive Japanese leaders courting Putin to secure the return of islands occupied by Russian forces at the end of World War II. Energy-poor Japan also gets gas from its neighbor.

More recently, however, Tokyo has been concerned about a revival in Russian military activity in East Asia and Moscow’s deepening security cooperation with neighboring China.

Although Japan is no longer a major exporter of semiconductors, with a share of just 10% of the global chip market, it is a major manufacturer of specialized electronic components such as automotive chips and image sensors, and dominates in other industries such as high-tech manufacturing equipment.

(Refiles to correct the omitted word in the second paragraph)

(Reporting by Leika Kihara and Tim Kelly; Editing by Jane Wardell and Lincoln Feast.)

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