Economics
Abe Shrine Visit Risks Upending Japan’s China Export Gains
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Hurdles for Japan’s economy next year may increase after Prime Minister Shinzo Abe’s visit to a shrine honoring war criminals and others risked deepening tensions with his nation’s largest trading partner.
The economy, already facing the first bump in the sales tax in 17 years and contending with an erosion in household purchasing power as consumer prices rise, now confronts the potential for damage to exports. Shipments to China have surged, with Toyota Motor Corp. reporting this month it was on pace for record deliveries in the country.