Japan’s stock futures slumped after President Donald Trump slapped the nation with a 24% levy as part of tariffs on trading partners worldwide. A stronger yen may also drag exporter shares lower.Nikkei 225 futures were at 34,

Japan's Nikkei Stock Average closed 0.3% higher at 35725.87 as gains in the heavy industry and video game shares offset the losses in pharmaceutical and utility stocks. IHI gained 5.7% and Konami rose 2.

Japan's stock market is hitting new highs due to strong fiscal flows from government spending, current account surplus, and rising bank credit creation. Government spending at over 4% of GDP, a positive current account balance,