Stocks in Asia-Pacific were down on Monday as investors look ahead to a week of crucial economic data releases, including the U.S. consumer price index that will determine the Federal Reserve’s path forward.
Japan’s Nikkei 225 fell more than 0.88% and the Topix was down 0.47% as the Japanese yen continued to remain volatile after a report that Japan will nominate Kazuo Ueda as its next central bank governor.
The yield on the 10-year Japanese government bond stood at 0.5%, hovering around the BOJ’s upper ceiling of its tolerance range. In South Korea, the Kospi shed 0.72%, while the Kosdaq erased earlier gains and traded flat.
