India, July 25 -- The safe-haven Japanese yen weakened against other major currencies in the Asian session on Friday, as data showed Tokyo CPI inflation eased more than expected in July, complicating the Bank of Japan's interest-rate hike prospects.
Data from the Ministry of Internal Affairs and Communications showed that overall consumer prices in the Tokyo region of Japan were up 2.9 percent on year in July. That was shy of expectations for an increase of 3.0 percent on year and down from 3.1 percent in June. Core CPI, which excludes the volatile costs of food, also was up an annual 2.9 percent. That, too, was beneath expectations for 3.0 percent and down from 3.1 percent in the previous month.
Political uncertainty in Japan also weighe...