December 20, 2024 at 01:45 am EST
(MT Newswires) -- Japan shares dipped Friday as November's core inflation surged, intensifying pressure on the central bank to reconsider its stance on rates.
The Nikkei 225 fell 0.3%, or 111.68 points, to close at 38,701.90.
The nationwide core consumer price index rose 2.7% year-on-year in November, up from 2.3% in October, as high rice prices and reduced utility subsidies pushed up household expenses.
The inflation data came after the Bank of Japan maintained its 0.25% interest rate. Governor Kazuo Ueda's dovish comments drove the yen to a five-month low of 157.80 per dollar, increasing import cost pressures.
In corporate updates, Alleanza (TYO:3546) subsidiary Amigo will open a Pet Forest store in Kanagawa Prefecture on Dec. 20. The new location spans 734.6 square meters, bringing the Pet Forest brand's footprint to 124 stores, including 84 Pet World Amigo outlets.
Space exploration firm ispace (TYO:9348) inked a memorandum of understanding with the Taiwan Space Agency for a potential lunar exploration collaboration.
Operating in Japan, the US, and Luxembourg, ispace is preparing for several missions, including a launch in January 2025.
JAFCO Group'd (TYO:8595) two portfolio companies, dely Inc. and Synspective, listed on the Tokyo Stock Exchange Growth Market. Dely, known for recipe platform Kurashiru and media site TRILL, is expanding into services like Kurashiru Rewards and Kurashiru Jobs
Sumber : MT Newswires
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