Japanese stocks see incline as inflation data softens

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/12/Japanese-Yen-2.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Machinery and precision instrument stocks led the minor increase in the market as the US dollar briefly climbed to the 146-yen mark in Tokyo. Investor response to the Tankan survey indicates that the latest US inflation data might not be enough to spur the US Federal Reserve to initiate <a href="https://www.leaprate.com/forex/usdjpy-trades-sideways-despite-upbeat-japanese-inflation-data/" target="_blank" rel="noopener">interest rate</a> reductions soon, much to investors’ discontent.</p>
<p>Initial gains in Tokyo stocks were attributed to positive Wall Street performance following the release of the US Consumer Price Index data meeting expectations earlier this week. Despite these positive factors, momentum is slowing as investors await the Federal Reserve’s policy meeting announcement later today. The Nikkei closed Tuesday 12th December below the 33,000-threshold due to subdued buying activity and profit-taking by investors.</p>
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<p>Chip-related stocks, however, provided a small surge, with manufacturing companies such as Advantest (ATEYY) jumping 5.6% to 4,629 yen and Tokyo Electron (TOELY) rising 4.7% to 24,445 yen. East Japan Railway and Central Japan Railway have also experienced gains of 1.2% each this week.</p>
<p>Conversely, energy sector stocks declined as the US benchmark oil futures contract hit a roughly five-month low.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/japanese-stocks-see-incline-as-inflation-data-softens/">Japanese stocks see incline as inflation data softens</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>