Japan’s core inflation, which strips out prices of fresh food, is expected to accelerate to 2.7%, up from 2.5% in May.
Japan's inflation numbers for June will be 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.Japan's core inflation, which strips out prices of fresh food, is expected to accelerate to 2.7%, up from 2.5% in May.
Asia-Pacific markets are largely set to open lower 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.
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