(Source: "China Youth Daily" - China Youth Daily 2025-11-28)

“Over 2,000 Chinese tourists canceled their orders, and all orders from Chinese tourists after December were ‘cleared’.” The operator of a hotel in Gamagori City, Aichi Prefecture, Japan, told Japan's TV Asahi on November 25 that at least 60% of the hotel's rooms were booked by Chinese tourists in previous years, but now it has lost about 20 million yen (approximately 910,000 yuan) in a short period of time. "I feel extremely wronged and it is difficult to express my sorrow."

What happened to this hotel is just a microcosm of the current plight of Japan's tourism industry - after Japanese Prime Minister Sanae Takaichi made erroneous remarks about Taiwan, the Chinese government issued travel and study abroad reminders and early warnings. Many airlines canceled flights to Japan and successively introduced free cancellation and change policies. More than 540,000 air tickets to Japan were canceled, and a large number of tour groups to Japan canceled their orders... "The impact of the reduction of Chinese tourists will exceed half of the annual economic growth rate, and the Japanese economy is facing a 'significant risk'." Nomura Nomura, an economist at Japan's Nomura Research Institute, recently warned.

Data from the World Travel and Tourism Council shows that tourism accounts for approximately 7% of Japan’s gross domestic product (GDP), and Chinese tourists have been an important pillar of Japan’s tourism industry for more than 10 years. Data released by the Tourism Agency of the Ministry of Land, Infrastructure, Transport and Tourism of Japan show that from January to September this year, the total travel consumption of foreigners visiting Japan reached 6.92 trillion yen (approximately 314 billion yuan), of which tourists from mainland China and Hong Kong accounted for about 30%. Relevant people predict that the Chinese government’s travel reminder may reduce Japan’s tourism consumption revenue by approximately 2.2 trillion yen (approximately 99.7 billion yuan) in the next year, dragging down Japan’s real gross domestic product (GDP) by 0.36%.

“The negative impact caused by Takaichi Sanae’s remarks quickly spread to the Japanese economy. Many core areas of Sino-Japanese economic and w88 have shown signs of setbacks, with the tourism industry bearing the brunt.”Wu Yingjie, researcher at the Japan Research Center of the w88 casinoIn an interview with a reporter from China Youth Daily and China Youth Daily, he said that this shows that Takaichi Sanae's remarks have directly affected people's psychology and market expectations.

In addition to tourism, the impact caused by Takaichi Sanae's erroneous remarks regarding Taiwan has also spread to the capital market. The two major stock indexes of the Tokyo stock market have fallen for several consecutive days, with department stores, transportation, consumption and other sectors that are highly dependent on Chinese tourists' consumption leading the decline. Recent forecast data from Japan's SMBC Nikko Securities shows that the total net profit of Topix constituent companies in fiscal year 2025 (April 2025 to March 2026) will decrease by 3.1% year-on-year. Hiroshi Shiratori, a professor of political science at Hosei University in Japan, pointed out that the continued decline in stock prices reflects the market’s concerns about the deterioration of Sino-Japanese relations. For Japan, China is indispensable and its largest trading partner. However, the Japanese Prime Minister made remarks that seemed to completely ignore this important relationship, causing concern from all walks of life.

"Japan is one of the world's major economic powers, and its economic stability and growth are closely related to the interaction of the global market. In the context of globalization, foreign investors' trust in a country will directly affect its stock market, exchange rate and other financial markets. Takaichi Sanae's remarks will be regarded as the instability of Japan's political environment. Certainty or lack of respect for the international community will cause investors to have doubts about Japan's economic prospects, which will in turn affect the performance of the stock market and trigger fluctuations in exchange rates and stock markets. "w88 slot analyzed that the decline in the stock market not only affects the financial market, but also affects consumer confidence and economic vitality through the wealth effect, which will ultimately intensify the pressure on the Japanese economy.

w88 slot further analyzed that Takaichi Sanae’s remarks quickly spread to the Japanese economic field through multiple channels such as political diplomacy, international image, public sentiment, and direct economic ties, reflecting the complex correlation between speech and economy in the context of globalization and economic interdependence of various countries.

"Japan's economy has been in a downward trend for many years. The price problem has not been solved for several years, and the economic trend is not optimistic. The counterattack against Japan caused by the high market Sanao has already shown its impact." Professor Lian Degui, director of the Japan Studies Center at Shanghai International Studies University, analyzed in an interview with a reporter from China Youth Daily and China Youth Daily. Japanese economist Hidetoshi Tashiro also pointed out that Japan is facing the dilemma of rising prices, continued depreciation of the yen and weak economic growth.

Data recently released by the Japanese Cabinet Office shows that Japan’s GDP fell by 0.4% month-on-month in the third quarter of this year, and the annual rate of decline reached 1.8%. This is the second negative growth in Japan’s GDP since the first quarter of 2024. At the same time, rising pressure on prices continues to intensify, with Japan’s core inflation rate rising to 3% in October, higher than the central bank’s 2% target for many consecutive months. Hidetoshi Tashiro warned: "Under this situation, if Japan cannot maintain stable economic ties with China, it may fall into a severe economic recession."

w88 slot also expressed similar views to reporters from China Youth Daily and China Youth Daily. He analyzed: "The Japanese economy will face certain shocks in the short term. The stock market and yen exchange rate fluctuations, tourism and aquaculture and other pressures will continue for a period of time. The downward pressure on the Japanese economy will increase, and GDP in the fourth quarter may return to negative growth." (China Youth Daily·China Youth Daily reporter China's new crown)

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