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The Indicator from Planet Money

Why China pulled the plug on Japan

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 5 January 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

Japan’s new prime minister Sanae Takaichi made waves last fall after saying her country might intervene if China invaded Taiwan. In response, China launched state-organized boycotts against Japan — canceling concerts, restricting seafood imports, and even recalling pandas. Today on the show, what does it look like for a state to organize a boycott, and does it work? 

Related episodes:
How Japan’s new prime minister is jolting markets
When do boycotts work? 
Forging Taiwan's Silicon Shield 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

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Transcript

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0:00.0

NPR.

0:02.0

This is the indicator from planet Mare. I'm Daryam Woods.

0:15.0

And today we have NPR's international correspondent Emily Fang on with us.

0:19.0

Hey Emily.

0:20.0

Always the pleasure.

0:21.8

Glad to be with you, Daryon.

0:23.3

And what do we have today?

0:25.5

I have a story for you about boycotts.

0:28.0

And this particular one started with China being very mad at Japan.

0:32.3

These two countries have been in a bit of a diplomatic chill.

0:36.1

And the Chinese state, as a result, has been shaping what people can and cannot buy from Japan.

0:41.6

We usually think about boycotts as these bottom-up ground swells of public anger.

0:47.9

But for today's episode, I want to look at how a state can organize a boycott, whether they work,

0:53.8

and what the purpose of a boycott even is.

1:00.2

This spat between China and Japan all started with these remarks from Japan's new Prime Minister,

1:06.9

Asanae Takeichi, in early November.

1:11.9

She's addressing Japan's parliament, and she says,

1:14.7

if China deploys warships with the use of military force against Taiwan,

1:19.3

that that could lead to a survival-threatening situation for Japan,

1:23.0

which, Darien, to me, that sounds pretty mundane.

1:25.6

But technically, her comments implied if China invaded Taiwan, this Democratic island that China wants to control one day, that if that happened, Japan would get involved militarily.

1:37.7

Beijing freaks out over these sentences. It orders officials to pressure her to retract her statement, threatening consequences.

...

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