Japan's lower-than-expected household spending leads to a climb in Asia-Pacific markets.

• In July, Japan's household spending increased by 0.1% in real terms compared to the previous year, which was lower than the 1.2% increase predicted by economists surveyed by Reuters and a reversal from the 1.4% decline seen in June.
• Although the weak spending report may limit the Bank of Japan's ability to raise interest rates, the strong wage growth data from Thursday could offset this constraint.

On Friday, the majority of Asia-Pacific markets rose, with investors preparing for a significant jobs report from the U.S. and processing household spending data from Japan.

In July, Japan's household spending increased by 0.1% in real terms compared to the previous year, which was lower than the 1.2% increase predicted by economists surveyed by Reuters and a reversal from the 1.4% decline seen in June.

Although the weak spending report may limit the Bank of Japan's ability to raise interest rates, the strong wage growth data from Thursday could offset this constraint.

Japan's stock market began the day with a 0.58% increase, while the broad-based Topix index rose by 0.1%.

Australia's S&P/ASX 200 climbed 0.10%.

The small cap Kosdaq was down 0.38%, while South Korea's stock market had a 0.15% decline.

The Hang Seng index futures in Hong Kong were lower than the HSI's last close at 17,444.3, standing at 17,431.

The CSI 300 futures in Mainland China were slightly lower at 3,254, compared to the previous close of 3,257.76.

In the U.S., the three major indexes dropped overnight as investors sold off risky assets and economic concerns intensified.

For the third consecutive day, the S&P 500 decreased by 0.3%, while the Dow Jones Industrial Average lost 0.54%. In contrast, the Nasdaq Composite experienced a 0.25% gain after initially rising by 1.2% during the session.

—CNBC's Samantha Subin and Jesse Pound contributed to this report.