An article in the FT this morning reports that Japan has said it may decide to demand compensation from China for the damage done to the two ships that were intentionally rammed by now-released captain, Zhan Qixiong.
China responded to Mr. Zhan's return by demanding an apology and compensation for the incident. This belligerent attack was a source of great embarrassement to Japanese officials who believed the release of Mr. Zhan would lead to a de-escalation of the trade issues that are picking up steam between Asia's two largest economies.
These updates serve as another reminder that the geopolitical/trade tensions that are roiling beneath the surface have not cooled off, despite the Dow holding the line at 10,800 (w/ many thanks to Brian Sack at the NY Fed!).
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