The Japanese stock market fell 1% at the beginning of trading, with retail stocks experiencing significant declines

On Monday morning in the Asia-Pacific region, the Japanese stock market fell by 1% at the beginning of trading, with retail stocks experiencing significant declines. Shiseido's stock price dropped by as much as 11%, and the stock price of Japan's largest department store group, Mitsukoshi Isetan, fell by 12%, marking the largest declines since April 7.

In terms of news, the Chinese Ministry of Culture and Tourism has solemnly reminded that Chinese tourists should avoid traveling to Japan in the near future.

Japan is considering launching an economic stimulus plan worth approximately 17 trillion yen—according to a report by Nikkei on Saturday, the government of Prime Minister Kishida Fumio is considering formulating a stimulus plan of about 17 trillion yen (approximately 110 billion USD), highlighting the government's focus on expansionary fiscal policy. The report states that the additional budget scale to fund this plan may be around 14 trillion yen, exceeding last year's scale, which could increase Japan's already massive public debt.

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