Following a sharp decline and entering a bear market on Monday, the Japanese stock market staged a significant comeback on Tuesday. The Nikkei 225 index and the Tokyo Stock Price Index (TOPIX) surged nearly 10% each, achieving their highest level since October 2008. With the yen depreciating against the dollar by approximately 1%, export-oriented stocks, including tech companies and automakers, performed well, driving overall market recovery. Notably, the volatility of the Nikkei index futures triggered a circuit breaker mechanism during this period. Additionally, the implied volatility of the index has decreased from its historical peak. Analysts suggest that while the current panic selling might be subsiding, global market uncertainties remain, leaving future market movements subject to change.