The Nikkei 225 fell 1.1% to around 39,500, while the broader Topix Index declined 0.6% to 2,814 on Wednesday, marking a second consecutive day of losses for Japanese equities.
The selloff came after US President Donald Trump threatened to impose a 35% tariff on Japanese imports, aiming to pressure Tokyo into making trade concessions. Trump described negotiations with Japan as "very tough," renewing criticism over the country's reluctance to accept US-made cars and rice. His comments added to investor concerns, especially after Federal Reserve Chair Jerome Powell stated that the Fed would have already lowered interest rates were it not for the inflationary impact of Trump's tariffs.
Selling was broad-based, with all sectors under pressure. Major decliners included Lasertec (-3.5%), Advantest (-4.6%), Nintendo (-2.4%), SoftBank Group (-2.3%), and Mitsubishi Heavy Industries (-3.8%).
Source: Trading Economics
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