Market Volatility Continues: Wall Street Slides, Asia Rebounds

Despite a decline in bond yields, Wall Street stocks closed in the red again, signaling a difficult week for Asian markets. The backdrop includes a decline in stocks, a sharp pullback in yields, and a cooling inflation narrative. Japanese economic data, bonds, and currency will be under scrutiny ahead of the Bank of Japan policy meeting next week. The BOJ is expected to raise its national core consumer inflation forecast and may begin unwinding its easy stance. Chinese industrial sector profit figures for the first nine months of the year are also on the docket.