券商中国·2025-04-07 06:03Core Viewpoint - The article highlights a significant downturn in the Japanese stock market, driven by rising trade tensions and uncertainty regarding U.S. tariffs, particularly on Japanese automobiles, which are crucial to the economy [2][4][10]. Market Reaction - The Japanese stock market experienced a sharp decline, with the Nikkei 225 index falling over 8% and the Topix index dropping by as much as 9%, marking new lows for October 2023 [2][4]. - The Osaka Exchange implemented a "circuit breaker" to halt trading in Nikkei 225 futures due to the drastic market drop [4]. - Goldman Sachs revised its target for the Topix index down to 2500 points for three months and 2775 points for twelve months, citing increased uncertainty in trade policies and economic outlook [4][5]. Economic Impact - Japan's Prime Minister, Kishida Fumio, expressed the need for the government to take all available measures to mitigate the economic impact of U.S. tariffs, including financial support for domestic companies [7]. - The automotive sector, a key component of Japan's exports, is projected to face severe challenges due to U.S. tariffs, with estimates suggesting a potential profit reduction of 27% for Toyota, 28% for Honda, and even 300% for Nissan [11][10]. Investor Sentiment - Investor sentiment on Wall Street has turned negative, with the VIX index reaching its highest closing price since the COVID-19 pandemic, indicating heightened fear in the market [13]. - Analysts have expressed concerns that unless there is a resolution regarding tariffs, the U.S. economy may be heading towards recession [15][16]. - The uncertainty surrounding tariff rates is complicating corporate planning and investment decisions, leading to increased anxiety among investors [16].