After Chinese netizens launched a resistance to the Fukushima nuclear waste water discharge plan in Japan, the stock price of Japanese companies relying on the Chinese market declined.
Bloomberg reported on Monday (August 28) that Shiseido, the cosmetics company headquartered in Tokyo, once fell 3.3%, down to 5 months.According to Bloomberg's data, Shiseido's revenue from China accounts for 30%of total revenue.The stock price of opponents such as Pola ORBIS and Takisu has also fallen.The department store Takashima House fell more than 5%, and the retailer ABC-MART fell more than 3%.
The Fukushima First Nuclear Power Station began to discharge the processing nuclear waste water into the Pacific Ocean on Thursday (August 24), causing strong protests in Japan and neighboring countries, including China and South Korea.Among them, China announced a comprehensive suspension of the import of Japanese aquatic products.
dissatisfaction with Japan has also been burned to ordinary people and enterprises.In Chinese social media, the people are full of posts that have to resist Japanese brands.
According to Bloomberg, one of the Weibo posts list dozens of Japanese brands that avoid purchasing, including Shiseido, Panasonic, Uniqlo, Mitsubishi, AEON and Nomura.This post has received more than 10,000 praises since its release on Thursday.
Some netizens commented on Weibo: "Don't talk about seafood, cosmetics will not buy Japan anymore ... I will not touch anything that may be contaminated by water."
Although the resistance sounds appear on the Internet, some analysts believe that the demand for Japanese products will be restored after a period of time, especially when foreign exchange changes make these products cheaper for Chinese consumers.
Charu Chanana, a strategist in Shengbao Capital Marketing, analyzed: "Japanese products are highly sought after by Chinese tourists, and weak yen will only make them more attractive."
