Japan is playing catch-up in the global stocks rout.
The country's Nikkei index dropped 2.3% Friday, in the market's first day of trading following the New Year break.
The losses came on the back of a660-point fall in the Dow Thursday, after Apple (APPL) warned it will badly miss its quarterly sales forecast because of weakening growth in China.
"For Japanese markets, the return from the New Year's day holidays has been bitter," said Jingyi Pan, a Singapore-based market strategist at broker IG...
Stocks will rise again once the trade deals have been resolved, the president said.
Reduced profit expectations, Federal Reserve actions and elevated corporate debt are factors conspiring to limit market upside, the bank said.