Japanese markets fall slightly after inflation data | Capital Market News

Japanese markets fell slightly in choppy trade as the yen held steady after slipping to a near three-week low against the dollar on Tuesday amid signs the Bank of Japan is nor hurrying to raise interest rates further.

The Nikkei average slid 0.19 percent to 37,870.26 while the broader Topix index settled 0.23 percent lower at 2,650.50.

Data showed earlier in the day that a leading indicator of Japan’s service-sector inflation held steady at 2.7 percent in August.

Producer prices in Japan were up 2.7 percent on year in August, the Bank of Japan said on Wednesday – unchanged from the July reading following an upward revision from 2.6 percent.

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