Dragged down by a stronger yen and sharp losses in Wall Street, Japan’s Nikkei, for the first time, hit the closest ever in last three weeks. The stock closed at 10000 for the first time.

"If GDP is lower than the market expects this will inevitably raise worries about the outlook for the next quarter and whether the pace of recovery will slow still further", said Masayoshi Okamoto, head of dealing at Jujiya Securities.

After a temporary crisis, the downfall will soon come to an end, claimed the analysts.

If the sources and the figures to be believe, Hino Motors went down by 8.7 per cent after the rumors that grip the market said that the operating loss of the truck and buses maker for the year ending in March 2010 would be 12 billion yen.

The other figure revealed that Mitsubishi UFJ Financial Group, which is Japan's biggest bank, jumped to 4.5 per cent, while Mizuho Financial Group climbed to 4.1 percent and Mitsui Financial Group earned 1.6 percent.

While, the banks managed a gain, the traders soon hope for a recovery in earnings for the financial sector. Trade was extremely active, with 2.6 billion shares changing hands on the Tokyo exchange's first section compared to last week's daily average of 1.9 billion.