Japan’s Nikkei share average slipped on Friday, putting the benchmark on track for its steepest weekly decline in more than a month as rising oil prices and uncertainty over the Middle East conflict heightened concerns about inflation.
The Nikkei was down 0.3% at the midday break, leaving it set for a 4% weekly decline, its biggest since the week ended July 17. The broader Topix fell 0.1% and was heading for a 3.4% weekly loss.