China and Russia navies hold live drills within Japan's EEZ, reports Kyodo
Context
The report of China and Russia conducting live naval drills within Japan's Exclusive Economic Zone (EEZ) signals escalated military collaboration between these nations, potentially heightening tensions in the Asia-Pacific region. This development could draw responses from Japan and other regional players, influencing the security landscape and impacting risk sentiment across asset classes like commodities and currencies, particularly with Japanese yen and oil markets being closely watched.
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