Japanese stocks close lower as inflation data is awaited.
Japanese stocks fell at the close of Thursday’s session, despite a recovery in US stocks yesterday; losses in global technology stocks impacted the performance of Japanese stocks in the previous session.
In this regard, the losses in Japanese stocks were driven by declines in the machinery and electrical equipment sectors after official data showed a contraction in core machinery orders in August by 1.9%, following a contraction of 0.1% in July.
National inflation data for Japan is scheduled to be released tomorrow, Friday, which may influence market expectations regarding the direction of the Bank of Japan's upcoming monetary policy and, consequently, the performance of Japanese stocks.
With the closure of Asian trading on Thursday, the Nikkei 225 index recorded a decline of about 0.69%, losing around 269.04 points, ending the session at 38,911.19 points.
Additionally, the Topix index also fell slightly by 0.11% to close the Japanese stock session at 2,687.83 points.