The Nikkei 225 index ended 3.1% lower at 16,174 – higher than its low point for the trading session, but still the lowest close since April 12.
Toyota shares closed down 3.8%, Nissan Motor dropped 5% and Honda Motor shed 4%.
The yen shot up after the Bank of Japan (BOJ) decided not to launch fresh economic stimulus last week.
On April 29, the yen was at about 108 yen against the dollar. It strengthened a little on May 2 to around 106.31 yen.
In South Korea the Kospi ended May 2 session lower, by 0.8% at 1,978.15 points. And that is also a three-week low.
Markets in China and Hong Kong are shut on May 2 for the Labor Day holiday.
President Joe Biden has urged pro-Palestinian protesters on university campuses to uphold the rule of…
Blue Ivy Carter has joined the voice cast of The Lion King prequel Mufasa: The…
At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…