Japan travel stocks sink as China-Japan spat deepens

Japan’s tourism-exposed stocks fell on Monday as tensions with China rose after Beijing travel and education warning issued For Chinese citizens considering going to Japan.

Beauty and cosmetics company ShiseidoWhich relies heavily on Chinese spendingIt fell 11%. Isetan Mitsukoshi HoldingsThe parent company of department store chains Mitsukoshi and Isetan lost more than 10%.

Eastern CountryThe operator of Tokyo Disney Resort lost 4.74%. Airline operator shares ANA Holding It fell by 3.48%. Hankyu Hanshin HoldingsRailway, retail and hotel operator.

Beijing’s travel advisory highlighted increased risks for Chinese citizens following comments by Japanese Prime Minister Sanae Takaichi that the use of military force in any conflict in Taiwan could be considered a “life-threatening situation.” Chinese airlines responded offer full refunds or free itinerary changes For flights to Japan.

china foreign ministry He said Takaichi’s words amounted to provocation. “These actions by Japan inevitably raised strong questions and concerns among its Asian neighbors and the international community.” of china Foreign Ministry Spokesperson Lin Jian said Friday, according to a Google translation of his remarks.

Japan’s top government spokesman, Minoru Kihara, said on Saturday that Tokyo had called on Beijing to keep its response measured. Media outlet Kyodo was quoted as saying:We demand that China take “appropriate measures” without going into details.