Japanese equities fell on Monday, extending their pullback from record highs as renewed geopolitical and trade concerns weighed on global risk sentiment. The Nikkei 225 slid 1.3% to around 53,250, while the broader Topix fell 0.6% to 3,635. Sentiment weakened after US President Donald Trump threatened new tariffs on eight European countries in a bid to gain control of Greenland, drawing criticism from European leaders. Domestically, investors looked ahead to the Bank of Japan’s policy decision this week, where rates are widely expected to remain unchanged, with markets eyeing a possible move in June. Speculation also grew that Prime Minister Sanae Takaichi may call a snap election next month to consolidate power and advance expansionary fiscal policies. Among individual stocks, losses were led by index heavyweights including Mitsubishi UFJ (-1.2%), Fujikura (-2.5%), SoftBank Group (-0.8%), Advantest (-1.5%) and Toyota Motor (-2.3%).