China and Japan are two of Asia’s most powerful nations and the region’s biggest trading partners. Yet centuries of intense rivalry mean their economic embrace can never be taken for granted.

China is trying to impose economic costs on Japan for wading into the issue of Taiwan. But experts say the escalating dispute could ultimately hurt China too.

The workaholic new prime minister is riding high despite the perils of a fight with Beijing.

HONG KONG -- China will suspend imports of Japanese seafood, according to ABC News partner NHK, escalating a diplomatic dispute triggered by Japanese Prime Minister Sanae Takaichi’s recent comments suggesting Tokyo could take military action if China attacks Taiwan.

Weeks into the job, Japan’s new leader has come face-to-face with what it means to cross China’s red line on Taiwan.

China stepped up its economic war with Japan on Wednesday as a dispute between Asia’s two biggest economies intensified over a remark by Tokyo's new leader about a Japanese response to any Chinese military move against self-ruled Taiwan.

Conditions are ripe for a strong rally in the 'safe haven' Japanese yen, with a global stock market selloff sparking volatility across asset classes. But the Japanese currency is falling fast, calling into question its long-perceived role as a preferred hiding spot for spooked investors.

Japan's ruling party is considering scrapping its non-nuclear principles as tensions with China and North Korea escalate, sparking fierce domestic backlash.Japan' s ruling Liberal Democratic Party is to discuss the nation's security policies as it faces up to growing security challenges in Northeast Asia,