Japanese stocks declined, following a significant surge in the benchmark index to a record high on Tuesday. Electronics and technology stocks led the downturn. Lasertec fell 6.8%, Nomura Research Institute dropped 6.3%, and Recruit Holdings declined 6.3%. The U.S. dollar was quoted at 155.92 yen, compared to 155.43 yen at the close of Tuesday's Tokyo stock market. Investors are closely monitoring quarterly earnings, with Marubeni Corporation and Mitsubishi Heavy Industries scheduled to report their financial results later on Wednesday. The Nikkei Stock Average fell 1.2% to 54,088.35 points, after having climbed 3.9% on Tuesday.