New York, 22 September 2026 – The United States, Japan and South Korea have launched a new economic-security consultation, bringing industrial policy and supply-chain resilience closer to the centre of their diplomatic agenda. Their foreign ministers met on the sidelines of the United Nations General Assembly and agreed to coordinate more closely against economic coercion, disruptive export restrictions and policies they say create harmful overcapacity. The announcement comes ahead of a meeting between the US and Chinese presidents, giving the initiative added geopolitical weight.
The three countries occupy different but connected positions in Asia’s technology supply chain. The United States is a major market and source of advanced chip design and equipment. Japan supplies specialised materials and machinery, while South Korea is a leading producer of memory chips and displays. Closer policy coordination among them could influence where manufacturers place new capacity, how they source inputs and how quickly they respond to a disruption. For investors, these are operational questions with direct consequences for capital spending and margins.
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