China is turning to a well-used playbook to express its displeasure with Japan over a statement by its prime minister on Taiwan

Korea may be keeping its distance from the conflict between Japan and China regarding a Taiwan contingency, but experts warn that its neutrality may not be possible for long.

According to a source in South Korea's Ministry of Culture, Sports and Tourism, Beijing requested the postponement.

The renewed dispute undermines Seoul’s efforts to restore trilateral cooperation in Northeast Asia amid rising threats from North Korea.

South Korea's Culture, Sports and Tourism Ministry sources say Beijing has notified Seoul that it will postpone a trilateral meeting of culture ministers from Japan, China and South Korea scheduled to be held next Monday in Macao.

South Korean President Lee Jae Myung has said that his country needs to calmly watch rising Japan-China tensions stemming from Prime Minister Sanae Takaichi’s recent remark over Taiwan and do its best to maximize its national interest.

Across Korea’s retail sector, businesses see a potential upside in the deepening friction between China and Japan.

For the first time since related statistics began to be compiled in 2000, the 10-year government bond yields of Japan and China have reversed.