China-Japan Diplomatic Row Starts To Take an Economic Toll

TaiwanPlus News

The diplomatic fallout continues between China and Japan following Japanese Prime Minister's Takaichi Sanae's comments on Taiwan, now expanding to travel warnings for citizens of both countries, canceled flights and delayed movie releases.

Transcript

00:00The head of Japan's Asian and Oceanian Affairs Bureau walks out of a meeting with his Chinese

00:04counterpart in Beijing on Tuesday, looking to de-escalate tensions. The ongoing diplomatic

00:09row began with a strongly worded statement, but now both sides have issued warnings to their

00:14citizens about travel to each other's countries, China delayed the release dates for several

00:18Japanese movies, and airlines have canceled flights, along with tour groups refunding vacation packages.

00:23This recent advisory is based on local news reports regarding current Japan-China relations.

00:31In light of this, the Japanese diplomatic missions in China have once again urged

00:36Japanese nationals residing there to take thorough safety precautions.

00:40These are clear signs that the state of relations between the two sides continues to tailspin

00:45after Japanese Prime Minister Takeichi Sanai said Tokyo might intervene if China attacked Taiwan.

00:51For Taiwan, caught in the middle of the spat, the situation reflects its fraught geopolitical position.

01:08Shares in Japanese tourism and retail companies are already seeing a negative turn,

01:12with some analysts predicting losses of billions of dollars if China's threats on tourism come to full

01:17fruition. Despite a potential economic downturn, it seems most of Japan's

01:21public supports Takeichi and her plan to raise defense spending, though there is less support

01:25for committing to defend Taiwan in the event of a crisis.

01:28Shares-

01:57Other countries, such as the Philippines, the U.S. and South Korea, are surely keeping

02:04an eye on what happens between Tokyo and Beijing.

02:07The U.S. ambassador to Japan even tweeted out a Christmas card thanking China for strengthening

02:11the U.S.-Japan alliance.

02:13Meanwhile, the tit-for-tat between Beijing and Tokyo shows no signs of cooling off.

02:18Ryan Wu and Larry Siano for Taiwan Plus.

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