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…
Japan's inflation numbers for June were released on Friday, offering clues on the Bank of Japan's potential moves at its 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. Asia-Pacific markets fell on Friday, tracking Wall Street declines as investors 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."Japan's inflation came in at 2.
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