Japanese shares start the week in red after US President Donald Trump said upcoming reciprocal tariffs will apply to all nations, not just a select group.

The Nikkei 225 crashed 4.05%, or 1,502.77 points, to end at 35,617.56.

Trump plans to unveil a broad tariff package Wednesday, calling it "Liberation Day," after already raising duties on aluminium, steel, autos, and Chinese goods.

Speaking aboard Air Force One, he said the tariffs would apply to "essentially all countries."

In February, he ordered US trade officials to draft country-specific countermeasures. Last week, he suggested some tariffs might be lower than those imposed on US exports.

In Japan, Japan's industrial output rose 2.5% in February, led by production machinery, electronic parts, and chemicals, METI data showed Monday. Shipments grew 3%, while inventories fell 1.7%.

Output is expected to rise 0.6% in March and 0.1% in April.

On the corporate front, Suruga Bank (TYO:8358) closed 3% lower as it disclosed that the Tokyo High Court overturned a lower court ruling and sent its damages lawsuit against former directors back to the Shizuoka District Court.

The case involves credit issues tied to the founder's family firms. A separate lawsuit over share house loans is set for judgment on Oct. 31.

Kudan (TYO:4425) and NTT Infrastructure Network demonstrated a high-precision 3D mapping method in Tokyo's Shinagawa district, achieving 12 cm horizontal and 25 cm vertical accuracy without GPS.

The technology aims to improve urban management and autonomous driving.

Daiwa House Logistics Trust (SGX:DHLU) will distribute 44.1 million yen for its 3 billion yen perpetual securities at a 2.95% rate. The payout, due March 31, goes to sole holder Daiwa House Industry (TYO:1925).