🇨🇳🇯🇵 Tourism Turbulence: China-Japan Tensions Shake Japan’s Markets ✈️📉

- Tourism Shockwave: With Chinese visitors accounting for 27% of Japan’s inbound spending, Beijing’s travel advisory threatens a ¥200B monthly hit.

- Stock Market Fallout: Tourism-linked equities plunged — Shiseido -11%, Pan Pacific International -9.7% — as investors fled consumer sectors.

- Retail Risks: Japanese brands like Uniqlo & Muji face boycott pressures in China, adding to the squeeze.

- ETF Flows:

- 📈 Commodities ETFs gained $277M inflows.

- 📉 Equity ETFs saw $2.1B outflows, signaling risk-off sentiment.

- ASEAN Pivot: Japanese capital is rebalancing toward Philippines & Indonesia, benefiting from supply chain diversification and Gulf sovereign wealth inflows.

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