Asian indexes closed with losses after China released greater-than-expected inflation data, potentially signally further monetary tightening and anti-inflationary measures in the PRC.

FORBES: GOOG Disappoints, Asia Lower, Europe Rebounds

To the extent that it dampens the public's expectation of higher prices - itself an inflationary factor - and generates measures to alleviate shortages and bring costs down, a well-publicized anti-inflation drive can work.

CNN: QUIPPED ONE ANONYMOUS