The Nikkei 225 fell 0.3% to around 35,520
The Nikkei 225 fell 0.3% to around 35,520, while the broader Topix Index dropped 0.9% to 2,637 on Wednesday, extending this week’s selloff as investors geared up for the implementation of US President Donald Trump’s reciprocal tariffs. Trump is also set to impose levies on car imports, affecting a key export industry in Japan. Data earlier this week showed that business sentiment in Japan weakened for the first quarter amid mounting concerns over the potential effects of US tariffs on Japan’s export-driven economy. Investors now await household spending data on Friday for further economic insights. Among notable decliners were Mitsubishi Heavy (-1.8%), Mitsubishi UFJ (-2.5%), SoftBank Group (-2.3%), Toyota Motor (-1.1%), and IHI Corp (-1.2%).