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International Business Times
International Business Times
Business
AFP News

Asian Markets Bounce After Tough Week As US Inflation Looms

A jump in Tokyo inflation boosted bets the Bank of Japan will hike interest rates again soon (Credit: AFP)

Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.

The readings came ahead of the release of the central bank's favoured gauge of inflation later in the day, which could provide more of an idea about the outlook for monetary policy.

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