The Nikkei 225 Index fell 0.6% to below 38,200 while the broader Topix Index lost 0.3% to 2,780 on Thursday, with Japanese shares snapping a four-day winning streak after US President Donald Trump said he plans to set unilateral tariffs in two weeks to pressure countries into trade deals. However, Trump has made a similar pledge on May 16 without following through on his threat. US Treasury Secretary Scott Bessent also suggested that the Trump administration could extend the 90-day pause on reciprocal tariffs for countries that show “good faith” in trade talks. In Japan, fresh data showed business sentiment among large manufacturers weakened further in the second quarter, as tariff uncertainty continued to drag on the export-driven economy. Major decliners included Tokyo Electron (-0.7%), Hitachi (-1.7%), Toyota Motor (-1.1%), Fast Retailing (-1.8%), and Keyence (-1.3%).