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Japanese Stocks Decline 8% over US Tariff Policy Fears Tokyo, 7 Apr (ONA) — Japanese stocks today dropped sharply,
with the Nikkei index falling 8 percent, its third-largest point loss
in history, amid a continued global sell-off triggered by escalating
fears of a trade war and a potential economic recession due to US
tariffs.
According to the Japanese news agency Kyodo, the Nikkei 225 closed
down 2,644.00 points, or 7.83 percent, from Friday’s close, reaching
31,136.58, its lowest closing level since Oct. 31, 2023. The Topix
index also fell 193.40 points, or 7.79 percent, to close at 2,288.66.
In the currency market, the US dollar temporarily retreated to the
upper 144-yen range, as investors flocked to the safe-haven Japanese
yen amid ongoing uncertainty over US tariffs and their potential
impact on the global economy. In the bond market, the yield on
10-year Japanese government bonds temporarily fell 0.055 percentage
points to 1.105 percent, its lowest level in about three months, as
investors flocked to safe assets.— Ends/Khalid
