Japan stocks extend rally to hit fresh all-time highs amid mixed Asia-Pacific markets

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The Nikkei 225 could continue hitting all time highs, based off futures data.

The country's household spending for May unexpectedly dipped 1.8% in real terms compared to the same period last year.continued its record-breaking run, climbing 0.46% in early trade. The broad-based Topix also extended its gains and advanced 0.06% to a fresh record high.unexpectedly dipped 1.8% in real terms compared to the same period last year. Economists polled by Reuters had estimated a 0.1% rise.

Household spending data is a key metric for the Bank of Japan's to assess its goal of realizing a"virtuous cycle" of rising wages and prices. Average spending per household in May was 290,328 yen , while average monthly income stood at 500,231 yen, up 6.4% in nominal terms and 3% higher in real terms from the previous year.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyOvernight in the U.S., markets were closed for the Independence Day holiday, but futures were little changed ahead of Friday's trading session.US and China could do a 'deal' under a new Trump administration: Ben Harburg

 

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