Goldman Sees China Spat Weighing on Japan’s GDP Via Tourism Hit

Rising tensions with China may shave about 0.2 percentage point off Japan’s gross domestic product growth if tourism and the export of consumer goods to the world’s second-largest economy decline, according to economists at Goldman Sachs Group Inc.

The analysts base their calculations on the fallout seen from a dispute China had with South Korea in 2016-2017 over the deployment of a missile defense system known as Thaad, and potential for the current China-Japan tensions to persist.