Nikkei 225 · April 10, 2025

Tokyo on the tariff pause

+9.13%

single-day change vs previous close

Part of a longer stretch

The Nikkei's rebound after the tariff pause

early in it · 2025-04-07 → 2025-08-12, +37.20% over the whole period

What happened that day?

On 10 April 2025 the Nikkei 225 rose 9.13% in a single day
The reason was the US announcing a 90-day pause on its reciprocal tariffs. China was excluded, which meant the fight between the two largest economies was untouched
Japan is unusually exposed to tariffs given its car and machinery exports, so it also responded strongly to the pause
The falls of the preceding days had been steep, which made the bounce large
Tariffs were delayed rather than cancelled, but simply letting companies plan again was enough to be worth something
The low had come on 7 April, and the rebound from here ran through to the old high on 12 August

Sources

Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.