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Japan shares close lower; traders assess CPI ahead of BoJ meeting
Tokyo Nikkei 225 down 0.53% at 37,667 points (Il Sole 24 Ore Radiocor) - Tokyo , 26 Jul - Japanese shares closed slightly lower, extending a recent selloff and underperforming their Asian peers.
The Nikkei index closed down 0.53% at 37,667 points.
Investors assessed July inflation data out of Tokyo, which is seen as a leading indicator of nationwide trends.
Tokyo's headline inflation slowed slightly to 2.2% in July from 2.3% in May, while core inflation remained unchanged at 2.2%, in line with expectations.
The safe-haven yen posted its strongest week in nearly three months ahead of the Bank of Japan's meeting next week.
In Tokyo stock market dealings car makers dropped, with Nissan down 3.92% after dipping 6.98% in the previous session following weak results for its first quarter ended June 30.
Technology shares steadied after a recent selloff.
AAA-Ver
(RADIOCOR) 26-07-24 08:51:29 (0188) 5 NNNN