The Nikkei average achieved a historic comeback, closing with a 6% gain of 1,876 points - the fourth largest single-day recovery in history. This dramatic rebound followed yesterday's third-largest crash, as investors sought bargains amid signs that US market losses were stabilizing.
Prime Minister Ishiba appointed Economy Minister Ryosei Akazawa as Japan's lead negotiator for US tariff talks, following through on yesterday's phone agreement with Trump. This development suggests the administration is mobilizing high-level resources to address what previous reporting framed as a "national crisis."
International economic turbulence continued spreading with Indonesia's stock index tumbling over 9% and its currency hitting an all-time low, demonstrating the regional ripple effects of the Trump tariff policies.
A potential EU ban on carbon fiber in automobiles emerged as a new threat to Japanese manufacturers like Toray and Teijin, who dominate the global market.