(Bloomberg) — Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as traders weighed the impact of the presidential debate. The yen rose after a Bank of Japan official signaled more interest rate increases.
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A gauge for the region’s equities fell for a third session, with benchmarks in Japan and Hong Kong leading declines. Futures for US stocks dropped. Global growth worries resurfaced as oil steadied below $70 and Treasury yields fell in the run-up to the US consumer price index later Wednesday and the Federal Reserve policy meeting next week.
The yen gained to its strongest level against the greenback since January after BOJ policy member Junko Nakagawa said the central bank will continue to adjust the degree of easing. Most economists surveyed expected the central bank to wait until December or January before raising rates…
