On Wednesday, the Nikkei 225 index saw a decline of 0.3%, settling around 35,520, while the broader Topix Index dropped by 0.9% to 2,637. This continued the trend of the week's market downturn, as investors prepared for the impact of US President Donald Trump’s reciprocal tariffs. In addition, Trump plans to enforce taxes on car imports, an action that threatens a significant sector of Japan’s export economy. Recent data has indicated a dip in Japanese business sentiment for the first quarter, fueled by growing apprehensions about the potential repercussions of US tariffs on the nation’s export-dependent economy. Investors are now looking towards the household spending figures due on Friday for further economic indicators. Significant declines were noted in major companies, including Mitsubishi Heavy, which fell by 1.8%, Mitsubishi UFJ with a 2.5% drop, SoftBank Group down by 2.3%, Toyota Motor decreasing by 1.1%, and IHI Corp slipping by 1.2%.