Japan tourism and retail stocks slide after row with China over Taiwan

Japanese tourism and retail stocks have plunged following escalating tensions between Japan and China over Taiwan. Prime Minister Sanae Takaichi's remarks on potential military action against Beijing have fueled the conflict, leading to a significant drop in shares of companies like Shiseido, Takashimaya, and Uniqlo. The dispute has also prompted China to warn its citizens against traveling to Japan and reconsider studying there, impacting various sectors, including tourism and education. Chinese airlines have even started offering refunds for flights to Japan, indicating the seriousness of the diplomatic rift.