Japanese inflation steady at 1.3%

The benchmark consumer prices index (CPI) inflation in Japan was 1.3 per cent in January on an annual basis, although the figure fell 0.3 per cent compared to December.

Figures from the Statistics Bureau of Japan show the economy continues to grow, although fears that inflation may have peaked seem to have caused concerns in the markets.

The Nikkei 225 index closed 0.55 per cent lower to 14,841.07, while the Topix index finished trading 0.47 per cent down.

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European markets seemed more positive, however, with Germany’s Dax index up 0.33 per cent in early trading, while the Cac 40 in France gained 0.12 per cent and the FTSE EuroFirst 300 added 0.24 per cent.