刚刚，全线大跌！日本，利空突袭！

Core Viewpoint - Japanese retail stocks have faced significant declines due to a warning from China's Ministry of Culture and Tourism advising Chinese tourists to avoid traveling to Japan, coupled with negative economic data indicating a contraction in Japan's GDP [1][4][6]. Group 1: Stock Market Impact - The Japanese stock market experienced a broad decline, with the Nikkei 225 index falling by 0.7% and the Tokyo Stock Exchange index dropping by 0.8% [3]. - Notable retail and tourism-related stocks saw substantial drops, including Shiseido, which fell over 11%, and Mitsukoshi Isetan, which plummeted more than 12% [3][4]. - Fast Retailing, the parent company of Uniqlo, saw its stock price decrease by nearly 7% [4]. Group 2: Economic Data - Japan's Cabinet Office reported a 1.8% year-on-year decline in real GDP for the third quarter, marking a return to negative growth since the first quarter of 2024 [6][7]. - The GDP decreased by 0.4% quarter-on-quarter, with exports of goods and services falling by 1.2% due to the impact of U.S. tariffs [7]. - Domestic consumption, which constitutes over half of Japan's economy, showed only a slight increase of 0.1% in the same period, indicating weak internal demand [7]. Group 3: Tourism and Economic Forecast - The decline in Chinese tourists, who account for approximately 25% of foreign visitors to Japan, is expected to significantly impact the tourism sector [5]. - Analysts estimate that a substantial drop in Chinese visitors could reduce Japan's GDP by 0.36%, leading to an economic loss of approximately 2.2 trillion yen (about 101.16 billion RMB) [5]. - The Japanese government has revised its economic growth forecast for the fiscal year 2025 from 1.2% to 0.7% due to ongoing economic pressures [7]. Group 4: Government Response - The Japanese government is considering a stimulus plan worth approximately 17 trillion yen (around 110 billion USD) to counteract economic downturns [8].