, consumption and investment after two years around 0.5%, 0.3% and 1.5% respectively. Uncertainty on the other economic policies has …

multinational firms' sales forecasts and exploring an unexpected escalation of a territorial dispute between China and Japan in 2012 … China experienced a sharp but temporary decline in total sales relative to affiliates in other countries and a more … persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations …