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At a time of rising political tensions, heightened by growing nationalism, China and Japan are more closely intertwined economically than they have ever been. In their breadth and intensity, the ties have begun to surpass those between the United States and Japan, whose economic relationship has often been called the most important in the world.
That plaint is echoed by businesspeople from each country, pragmatists who basically want to make money. In Japan, business tends to support Koizumi for leading domestic economic change, but cringes at his government's antagonistic policy toward China.