Markets Are Headed Lower Following A Big Down Day In Japan

U.S. stock futures are negative after a rough day in Japan. The Japanese Nikkei 225 fell 3.0% Friday as the Japanese yen strengthened against the U.S. dollar, despite a better-than-expected inflation reading there. The June consumer price index revealed an annual inflation rate of 0.2%, up from -0.3% in May and ahead of the consensus estimate of 0.1% inflation. Though the release suggests that "Abenomics," the experimental stimulus program designed to reflate the Japanese economy after more than...