【Expert: PM Takaichi’s misstatements are adding pressure to Japan’s economy】
Japan’s GDP may fall by 0.8% to 1.5% within a year if economic tensions with China continue to escalate, said Meng Xiaoxu, researcher at the Institute of Japan Studies of the Chinese Academy of Social Sciences. With China being Japan’s largest trading partner, even a 20% to 30% drop in Japanese exports could trigger a measurable economic downturn, he added. #BizFocus