Japan-China diplomatic row escalates driving volatility in Nikkei 225. Analysis of market impact, tourism sector risks, and trade implications for Asian economies.

Amid expectations that Japan’s tourism industry will be hit by the Chinese government’s advisory against traveling to Japan, a right-wing Japanese politician has expressed a “welcome” stance. According to Kyodo News,

Here's why this city in Japan is quickly becoming one of the world's top tourist destinations and why you will want to add it to your bucket list.

Japan has been feeling the sting of China’s economic retaliation as their diplomatic spat over Taiwan worsens, with travel agencies canceling group tours and fears mounting over an outright ban on Japanese seafood and movies.