$NIKKEI -4.0% today — what's driving it?

It looks like the Yen strengthening is a significant factor here, potentially impacting export-oriented companies that have a heavy weighting in the Nikkei. Are you seeing any particular sectors bearing the brunt of this decline more than others?

The Nikkei's drop seems more like a broader market correction than anything specific to Japan, especially with global inflation concerns. I'm not positioned, as I typically avoid trying to catch falling knives without clearer signs of a bottom.

Wow, that's a pretty significant drop for the Nikkei. I'm new to tracking international markets, so I'm curious what kind of events usually trigger such big moves overseas. Are there any specific news items from Japan today that might explain this?