Japan’s ‘Bark Worse Than Bite’ in South Korea Trade Spat, Citi Says

(Bloomberg) -- Japan’s trade curbs on South Korea have so far been a case of “the bark was worse than the bite,” with only limited fallout for South Korea’s economy, according to Citigroup Inc.Japan’s tighter scrutiny of exports of three key materials used in the chip industry and Tokyo’s removal of its neighbor from a list of trusted trading partners have had little impact on South Korea’s imports of industrial and capital goods, Citigroup economists Ma