Investors await Jackson Hole meeting and assess Japan inflation data, causing Asia markets to set for a lower open.

• The rate of inflation in Japan remained constant at 2.8% compared to the previous month.
• The Bank of Japan's "core-core" inflation rate, which excludes fresh food and energy prices, decreased from 2.2% in June to 1.9% in July.
• Since September 2022, the "core-core" inflation rate has not been as low as it currently is.

Investors awaited Jerome Powell's comments at Jackson Hole, which caused Asia-Pacific markets to open lower on Friday.

At Jackson Hole, Powell has previously presented comprehensive policy proposals and given hints about the policy direction.

In July, Japan's headline inflation remained unchanged at 2.8% compared to the previous month, as reported by dat from Asia.

The core inflation rate, which excludes food prices, was 2.7% in July, in line with economists' predictions and higher than the previous month's rate of 2.6%.

The Bank of Japan's "core-core" inflation rate, which excludes fresh food and energy prices, decreased from 2.2% in June to 1.9% in July.

Since September 2022, the "core-core" inflation rate has not been as low as it currently is.

The CPI release indicated that Japan's futures market would have a stronger opening, with the Chicago futures contract at 38,225 and the Osaka futures contract at 38,170, compared to the previous close of 38,211.01.

The S&P/ASX 200 futures for Australia were at 7,955, a slight decrease from its previous closing price of 8,027.

The HSI's last close was higher than Hong Kong's futures, which were at 17,490.

In the U.S., the Nasdaq Composite experienced the largest loss among the three major indexes, dropping 1.67%, with technology stocks bearing the brunt of Thursday's declines.

While the Dow Jones Industrial Average ended down 0.43%, the broad slipped only 0.89%.

—CNBC's Alex Harring and Pia Singh contributed to this report.