The fallout continues over Japan PM’s Taiwan comments as China refuses to back down
The fallout continues over Japan PM’s Taiwan comments as China refuses to back down
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Japan moved to tamp down an escalating row with China over Taiwan that has prompted Beijing to urge its citizens to stay away from its East Asian neighbor.
Ralf Rivas has more. Japan is working to cool tensions with China after comments about Taiwan “Recently, Japanese leaders have openly made blatantly provocative remarks concerning Taiwan, which has seriously worsened the atmosphere for exchanges between Chinese and Japanese people and posed significant risks to the personal safety and lives of Chinese citizens in Japan. The Ministry of Culture and Tourism of China solemnly reminds Chinese tourists to avoid traveling to Japan in the near future.”
The dispute erupted after Japan’s newly elected Prime Minister, Sanae Takaichi, openly raised the possibility of a Japanese military response to a Chinese attack on Taiwan, a topic earlier administrations steered clear of to avoid provoking Beijing. Senior Japanese diplomat Masaaki Kanai arrived in China on Monday to meet his counterpart Liu Jinsong in an attempt to soothe the tensions, according to Japanese media.
Kanai is expected to stress that Takaichi’s remarks do not mark a shift in Japan’s security policy and urge China to avoid further damaging ties. Japan’s Chief Cabinet Secretary Minoru Kihara on Monday said that China’s travel warning is, quote, “incompatible with the broad direction of promoting a strategic, mutually beneficial relationship confirmed by the leaders.”
Later in the day, China’s Foreign Ministry spokesperson said, quote, “The wrongful remarks made by Japanese Prime Minister Sanae Takaichi regarding Taiwan have deeply hurt the sentiments of the Chinese people and severely deteriorated the atmosphere for people-to-people exchanges between China and Japan.”
The ministry confirmed that China’s Premier Li Qiang has no plans to meet with the Japanese prime minister on the sidelines of the upcoming G20 summit in South Africa. Tourism-linked Japanese shares tumbled as the diplomatic row deepened. Isetan Mitsukoshi, a department store operator with substantial sales to Chinese visitors, sank 10.7%, and is poised for its biggest drop in more than a year.
Tokyo Disneyland operator Oriental Land lost 5.9% and Japan Airlines shed 4.4%. Chinese companies with exposure to the Japanese market also suffered, with shares of software maker Linkage falling 3%. Beijing’s travel boycott of Japan could result in an economic loss of about $14 billion annually, reducing the nation’s real GDP by 0.36%, according to Nomura Research Institute’s chief economist.
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