Nikkei Sideways; Key Data in Focus
Japanese stocks are likely to move rangebound as uncertainty over the impact of US tariffs on earnings persists. Nikkei futures on SGX were flat at 42,920. USD/JPY was at 146.87, compared to 147.17 at the Tokyo close on Thursday. Investors are focusing on Japanese economic data—including industrial production due later—as well as domestic political dynamics.
Government data Friday morning showed core consumer inflation (excluding volatile fresh food) in Tokyo rose 2.5% year-on-year in August, in line with expectations of 2.5%. The Nikkei index rose 0.7% to 42,828.79 on Thursday. (ayu)
Source: Newsmaker.id