Japan Sends Envoy to Beijing as China’s Travel Warning Batters Tokyo Stocks

Overview

• A senior Japanese diplomat, Masaaki Kanai, traveled to Beijing to meet counterpart Liu Jinsong in a bid to ease tensions, according to Japanese media.
• China’s People’s Daily published a sharply worded editorial condemning Takaichi’s comments, following Beijing’s summons of Japan’s ambassador and a warning against Japanese military involvement in Taiwan.
• Japan’s Defense Ministry said it scrambled fighter jets after a suspected Chinese drone flew between Yonaguni and Taiwan on November 15.
• Chief Cabinet Secretary Minoru Kihara said Chinese coast guard vessels spent hours inside Japanese territorial waters near the contested Senkaku islands on Sunday.
• Tourism and retail shares slumped in Tokyo after China advised its citizens to avoid Japan, with Shiseido down 11.4%, Takashimaya off 6%, Fast Retailing nearly 6% lower, and Japan Airlines down 3.4%.