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Indonesia News Portal for Traders | Financial & Business Updates

20 December 2024 14:23  |

Japanese Shares Dip on Strong Inflation Data

The Nikkei 225 Index dropped 0.29% to close at 38,702, while the broader Topix Index fell 0.44% to 2,702 on Friday, marking the sixth consecutive session of losses as investors reacted to stronger-than-expected inflation data.

Japan's headline inflation rate rose to a three-month high of 2.9% in November, up from 2.3% in October, while the core inflation rate increased to 2.7%, surpassing market expectations of 2.6%. These figures support a hawkish outlook for Bank of Japan (BOJ) monetary policy. However, the BOJ chose to keep rates unchanged at its December meeting, citing the need to assess wage trends, global economic uncertainties, and the policies of the incoming US administration.

Technology, industrial, and consumer stocks led the decline. Over the week, the Nikkei and Topix indexes lost 1.95% and 1.62%, respectively.

Source : Trading Economics

 

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