Consumer prices in China, Japan's biggest trading partner, rose at their slowest pace in more than a year in December, official data showed, giving Beijing leeway to further ease credit restrictions to spur economic growth.
But the Nikkei was down as the effect of the figures quickly faded. "The impact of the inflation data may already be priced-in by now," said Daiwa Securities head of investment strategy and research Kazuhiro Takahashi. He predicted the index would stay near 8,400 Thursday. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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