TOKYO, June 10 ― Tokyo stocks opened lower today in cautious trade ahead of US inflation data and the European Central Bank's policy meeting later in the day.
“Tokyo share trade is seen moving in a narrow range ahead of the key US consumer price index and the ECB meeting,” Okasan Online Securities said in a commentary.“The ECB is likely in no rush to deliver a taper message,” Tapas Strickland, senior analyst at National Australia Bank, said in a commentary.
The US consumer price data due later in the day could either exacerbate or mitigate inflation worries, analysts said.
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