China warned its citizens not to travel to Japan amid an escalating row over comments made by prime minister Sanae Takaichi about Taiwan
Shares in Japanese tourism and retail firms fell sharply on Monday after China warned its citizens not to travel to Japan amid an escalating row over comments made by prime minister Sanae Takaichi about Taiwan.
In morning trade shares in cosmetics form Shiseido fell 9%, department store group Takashimaya by more than 5% and Fast Retailing – the owner of Uniqlo – by more than 4%.
China is the biggest source of tourists to Japan.
Takaichi told Japan’s parliament on 7 November that the use of force against the self-ruled island claimed by China could warrant a military response from Tokyo.
