Japan's headline inflation was unchanged from May at 2.8%, while core inflation, which strips out prices of fresh food, accelerated to 2.6%, from 2.5% in May.
Japan's inflation numbers for June were released on Friday, which will give some insight on the Bank of Japan's potential moves in the central bank's next monetary policy meeting on July 30 and 31.
The country's headline inflation was unchanged from May at 2.8%, while core inflation, which strips out prices of fresh food, accelerated to 2.6%, from 2.5% in May. This photo taken on October 23, 2022 shows people looking at fruit and vegetables outside a supermarket along a covered shopping street in Tokyo.Asia-Pacific markets fell on Friday as investors on Wall Street continued to rotate out of tech stocks and take profits from the rally in equities in recent weeks.
"There's some profit taking," said Keith Buchanan, senior portfolio manager at Globalt Investments. "I kind of cringe a bit if the profit taking occurs five days into a trade, but that just shows us the magnitude of what we've seen as far as the rotation."chip-related stocks plunged ThursdayJapan's inflation came in at 2.8% for June unchanged from May, while core inflation, which strips out prices of fresh food, accelerated to 2.6%, from 2.5%.
However, the core inflation reading was lower than the 2.7% expected by a Reuters poll of economists.South Korea'sHong Kong'sOvernight in the U.S., all three major indexes fell, with the
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