People walk down a street in the Chinatown section of Yokohama, Kanagawa prefecture, south of Tokyo, on January 7, 2023.
Philip Fong | Afp | Getty Images
Markets in the Asia-Pacific traded mixed on Friday as investors digested Japan’s inflation data. The nationwide core consumer price index rose 4% in December on an annualized basis, the fastest pace since 1981.
The Nikkei 225 fell 0.18% in its first hour of trade, while the Topix traded 0.12% lower. The yield on the 10-year Japanese Government Bond rose to stand at 0.415%, slightly below the central bank’s upper ceiling of its tolerance range.
China’s 1-year and 5-year loan prime rates are set to be announced later in the day, while inflation data for Malaysia and Hong Kong will also be closely watched.
Stocks on Wall Street fell Thursday as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation. The Dow Jones Industrial Average posted saw the third straight negative session, giving up gains from a short-lived new year’s rally.
— CNBC’s Tanaya Macheel, Samantha Subin contributed to this report