Japanese equities fell today as investors expected important US inflation data that could influence statements by central banks around the world about rising interest rates.
The Nikkei Index started the session higher, but gave up early gains and lost 0.6% to close at 26,237.85 points. The broader Topix index fell 0.77%.
According to Reuters, investors are currently focused on US consumer price data coming out later today.
And Michelle Bowman, a member of the Federal Reserve (the US central bank), said yesterday that unless high inflation starts to decline, it will continue to support a significant rate hike.
Toshiba Corp. jumped 9.41 percent after a report that a consortium led by Japan Industrial Partners was considering buying the giant company for 2.8 trillion yen ($ 19.07 billion).
Toshiba stock was up 7.38% at close to have the biggest impact on the Topix index today.
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