Tokyo Stocks Fall 450 Yen Over 1% as Strong Yen Hits Exporters, Lowest Trading Volume Amid U.S. Stock Weakness

The Tokyo stock market experienced a decline on April 21, 2025, with the Nikkei Stock Average falling over 1%, closing approximately 450 yen lower amid a stronger yen and concerns over corporate earnings. The yen's appreciation to the 140 yen per dollar level weighed heavily on exporters, leading to a sell-off in export-related stocks. Trading volume was reported to be the lowest of the year. The downward pressure on the Nikkei was also influenced by weak U.S. stock performance. On April 22, the market showed modest fluctuations, with the Nikkei continuing a slight downward trend but with limited losses as the yen's strength temporarily eased. Later in the day, the outlook improved due to a rebound in U.S. stocks and a weakening yen, which supported the Nikkei's recovery prospects. Overall, the market was sensitive to currency fluctuations and international trade tensions, particularly between the U.S. and China.