Equities

Japan stocks slide 4% ahead of Trump's 'Liberation Day'

JPMorgan cuts year-end targets for stocks, citing opaque U.S. trade policy

20250331 nikkei 1500 down

Uncertainty over President Donald Trump's new tariffs on the exports of countries with trade imbalances with the U.S. have heightened investors’ anxiety. (Photo by Yutaka Miyaguchi)

LISA KIM
March 31, 2025 12:16 JST
Updated on March 31, 2025 16:58 JST

TOKYO -- Japanese stocks tumbled 4% on Monday, as investors grew jittery ahead of a fresh round of U.S. import tariffs expected this week.

The benchmark Nikkei Stock Average closed the day's trading down 4.05%, or 1,502.77 points. The broader Tokyo Stock Price Index (Topix) declined by 3.57%.

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