On Wednesday afternoon, in a surprising move, U.S. President Donald Trump issued an order to suspend new tariffs on numerous countries for a period of 90 days. This decision came just 13 hours after the tariffs had been implemented.

The announcement was met with a positive reception in Japan, particularly within its financial markets. The Nikkei stock average, comprising 225 issues, experienced a significant surge, increasing by 9.13%, which translated to a gain of 2,894.97 points. This marked the second-largest point increase in the index's history and the seventh-largest percentage increase.

Several prominent Japanese companies saw substantial gains. Toyota's stock rose by 7.61%, while Sony's increased by 13.52%. Mitsubishi UFJ Financial also experienced a notable rise of 9.56%.

Chief Cabinet Secretary Yoshimasa Hayashi expressed the Japanese government's positive view of the U.S. government's recent announcement.