"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."
"If a Taiwan emergency entails battleships and the use of force, then that could constitute a situation threatening the survival [of Japan], any way you slice it, Takaichi told parliament. Japan's self-imposed rules say that it can only act militarily under certain conditions, including an existential threat, and the government has since said its position on Taiwan just 100km from the nearest Japanese island is unchanged."
"China and Japan last week summoned each other's ambassadors, with Beijing then advising its citizens to avoid travelling to Japan. On Sunday the Chinese coastguard said its ships made a rights enforcement patrol through the waters of the Senkaku islands, which are administered by Japan but also claimed by China as the Diaoyu islands. Beijing insists Taiwan, which Japan occupied for decades until 1945, is part of its territory and has not ruled out the use of"
Shares in Japanese tourism and retail firms fell sharply after China warned citizens not to travel to Japan, with Shiseido down 9%, Takashimaya over 5% and Fast Retailing over 4%. China is the largest source of tourists to Japan. Prime minister Sanae Takaichi said the use of force against self-ruled Taiwan could warrant a military response and warned a Taiwan emergency involving battleships could threaten Japan’s survival. The government has maintained its existing position on Taiwan. China and Japan summoned each other's ambassadors, Beijing advised against travel, and the Chinese coastguard conducted a Senkaku rights enforcement patrol.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]