Group 1 - The core viewpoint of the article highlights the negative impact of deteriorating Sino-Japanese relations on Japanese tourism and consumption stocks, leading to significant sell-offs in the market [1][3] - Major Japanese companies such as Shiseido and Isetan Mitsukoshi saw stock declines of approximately 10%, while Japan Airlines experienced a drop of over 5.8% during trading [1][3] - The warning from the Chinese government regarding travel to Japan could result in a decrease in Japanese tourism revenue by approximately 2.2 trillion yen [3] Group 2 - Japan's economy is showing signs of distress, with a reported annualized GDP decline of 1.8% in the third quarter, marking the first contraction in six quarters [3][5] - Exports of goods and services from Japan fell by 1.2% quarter-on-quarter, contributing negatively to economic growth [5] - The automotive sector, which exports about 30% of its products to the U.S., is particularly affected by new tariffs, leading to profit declines among major manufacturers like Toyota and Honda [5][4] Group 3 - The Japanese government is facing structural economic challenges, including declining technological competitiveness and labor shortages, which are exacerbated by inflation [5][4] - Political decisions under Prime Minister Suga have prioritized security over economic issues, potentially undermining market confidence in Japan's economic growth [5][7] - Efforts by Japanese officials to ease tensions with China, such as diplomatic visits, indicate a recognition of the economic risks associated with political provocations [6][7]