China is turning to a well-used playbook to express its displeasure with Japan over a statement by its prime minister on Taiwan.

China is trying to impose economic costs on Japan for wading into the issue of Taiwan. But experts say the escalating dispute could ultimately hurt China too.

The remarks come amid the two countries’ worst diplomatic crisis in years, after the Japanese prime minister said a Chinese attack on Taiwan could trigger a military response from Tokyo.

Prime Minister Sanae Takaichi ruled out on Wednesday the possibility that Japan could face a British-style "Truss moment", or loss of market confidence stemming from her expansionary fiscal policy. Prices of Japanese government bonds have fallen in tandem with the yen currency last week,

Ukrainian sumo wrestler Aonishiki is only 21 but has moved just one step from the top rank of Japan's national sport. In an elaborate ceremony on Wednesday, he was promoted by the Japan Sumo Association to the rank of ozeki,

Two strong earthquakes struck Japan Tuesday at magnitudes of 5.4 and 4.7, according to data from the United States Geological Survey ( USGS ). The first quake struck in the Pacific Ocean about 80 miles east-southeast from Kitaibaraki at a depth of around 6 miles, 10 km, the data shows. Kitaibaraki is about 110 miles northeast of Tokyo.

China closed off Japanese seafood imports after Japan’s new leader declared strong support for Taiwan. Suddenly, sushi is everywhere on Taiwanese social media.

The country once led the world in semiconductors and electronics, but over the years it fell behind Taiwan, South Korea and China.

Japan's government stands ready to take "necessary" action in the market with a close eye on whether exchange-rate moves reflect economic fundamentals or are driven by speculative action, Prime Minister Sanae Takaichi said on Wednesday.