Tokyo stocks fell Wednesday morning, tracking Wall Street declines overnight, amid concern over the effect on Japanese firms of protectionist policies under President-elect Donald Trump’s incoming administration. The 225-issue Nikkei Stock Average fell 422.65 points, or 1.07 percent, from Tuesday to 38,953.44. The broader Topix index was down 26.98 points, or 0.98 percent, at 2,714.54. The U.S. dollar climbed close to the 155 yen line in Tokyo on bets U.S. interest rates could stay elevated as Trump’s proposed policies such as tax cuts are likely to lead to higher inflation, dealers said. At n…