Japan has decided to impose an outright ban on exports to North Korea as part of its efforts to toughen sanctions on Pyongyang following the nuclear test by the country, Japanese government sources have said.
The proposed ban, however, is expected to have little impact on North Korea, as the total value of exports from Japan is relatively small, they said.
Japan had already imposed a ban on imports from North Korea and entry of North Korean vessels into Japan in October 2006 when Pyongyang conducted its first nuclear experiment.
Under the UN Security Council Resolution 1718 adopted after the nuclear test, Japan has also prohibited exporting luxury items to North Korea.
By strengthening the sanctions, Japan is apparently aiming to highlight its stance of "sternly" dealing with North Korea's nuclear threat, they said.
While closely watching developments on the UN Security Council, the government will decide when to impose the exports ban, they added.
Japan's exports to North Korea totalled roughly 800 million yen in 2008, according to statistics by the country's Finance Ministry.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
