Japan’s topic stock gauge has just seen its worst three days on record it plunged 12% on Monday steepest decline since 1987 an even steeper decline than in the aftermath of the 2011 tsunami extreme selling that triggered circuit breakers in the past week markets have been rattled by fears that the bank of Japan has been too aggressive in hiking rates while the FED has been slow to ease it’s an uncomfortable situation for Japanese equities especially export oriented firms that have been hit by the rally in the Japanese Yen amid the unwinding of the carry trade and the extreme selling we’re seeing also suggests that some retail investors are being forced to dump stocks that they’ bought on margin some Market Watchers think that this recent move is an overreaction While others think that the pain could last for weeks