0620 GMT — Japanese stocks end lower, dragged by falls in retail and pharmaceutical stocks, as concerns persist about inflation and higher borrowing costs. Aeon Co. drops 2.5% and Otsuka Holdings loses 2.1%. Meanwhile, Nippon Television Holdings jumps 14% following its plan to make Studio Ghibli a subsidiary. The Nikkei Stock Average falls 0.5% to 32402.41. USD/JPY is at 148.19, up from 147.57 as of Thursday 5 p.m. Eastern Time, after the Bank of Japan keeps rates unchanged, pouring cold water on expectations for a tighter policy. Investors are focusing on U.S. Treasury yields and economic data. The 10-year Japanese government bond yield stays flat at 0.745%. (kosaku.narioka@wsj.com; @kosakunarioka)
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