Separately, business sentiment at Japanese manufacturers have turned slightly less confident in August, according to the Reuters Tankan survey.
The U.S. producer price index — a measure of wholesale inflation — increased 0.1% last month, compared to expectations of a 0.2% rise.
Business sentiment at Japanese manufacturers turned slightly less confident in August, according to the Reuters Tankan survey. Asia-Pacific markets are set to continue gaining on Wednesday after producer prices in the U.S. came in lower than expected for July.. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month's reading, according to Dow Jones consensus estimates.the country's seasonally adjusted unemployment rate
In Japan, business sentiment at manufacturers turned slightly less confident in August compared with the month before, according to the Reuters Tankan survey.The Tankan survey — which tracks the Bank of Japan's quarterly survey of the same name — showed that the sentiment index for manufacturers slipped to +10 in August, while the non manufacturers index fell to +24. Both metrics stood at +11 and +26 in July's survey.
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