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China Blacklists 20 Japanese Firms After Takaichi's Win

2/24/2026

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Story summary
  • China has blacklisted 20 Japanese entities, including Mitsubishi Heavy Industries, after Prime Minister Sanae Takaichi's electoral victory.
  • The Ministry of Commerce's export control list prohibits these firms from receiving dual-use items.
  • The move triggered a Tokyo defense-sector selloff.
  • Mitsubishi Heavy Industries shares fell 3.6%.
  • Twenty more entities, including Subaru, were placed on a monitor list that increases export checks.