Nikkei Slides on Inflation Worries
1. Japan’s Nikkei dropped sharply on Friday, erasing all the gains it made earlier in the week.
2. The broader Asian session stayed mostly quiet while the index struggled.
3. Softer-than-expected household spending figures highlighted how inflation is still pressuring consumers.
4. Rising expectations of a possible interest rate hike from the Bank of Japan added to market nerves.
Instrument: Nikkei 225 | Sentiment: Negative
