Japan tourism, retail stocks plunge after China travel warning

File photo of tourists at Tokyo Disneyland. China is the biggest source of tourists to Japan. - Reuters

TOKYO: Shares in Japanese tourism and retail firms fell sharply on Monday (Nov 17) after China warned its citizens not to travel to Japan in a spat over comments by Prime Minister Sanae Takaichi about Taiwan.

In morning trade shares in cosmetics form Shiseido dived nine per cent, department store group Takashimaya by more than five per cent and Fast Retailing -- the owner of Uniqlo -- by more than four per cent.