Diplomatic row: Japan tourism, retail stocks slide amid tensions with China

Japanese tourism and retail stocks fell after China warned its citizens against travelling to Japan amid a diplomatic dispute over Taiwan.

Transcript

00:00Japanese stocks related to tourism and retail fell on Monday after China warned its citizens

00:07not to travel to Japan amid a diplomatic dispute over Taiwan. China, a major source of tourists

00:13and students, also advised its citizens studying in Japan to monitor security closely.

00:22The sell-off followed Prime Minister Sanai Takechi's comments suggesting Japan could take

00:27military action if Beijing threatened Taiwan. Department stores including Mitsukoshi and

00:33Isatan fell nearly 12 percent, while Shiseido, Uniqlo, airlines and Tokyo Disney operator Oriental Land

00:40also saw similar losses. Over the weekend, several Chinese airlines also offered refunds for Japan-bound

00:47flights. Japanese media reports that senior foreign ministry official Masaaki Kanai will travel to

00:53Beijing this week to meet his Chinese counterpart Liu Jinsong to ease tensions.