Investors assessed November inflation numbers from Japan's capital of Tokyo, which saw its headline inflation rate come in at 3%, compared to 2.6% in October.

Asian shares are mixed after China reported lower corporate profits in November, the fourth straight month of decline. Oil prices and U.S. futures declined.

Asia-Pacific markets are set to open higher, as some markets return from the Boxing Day holiday and investors eye a slew of economic data in the region.

Asia-Pacific markets trade mixed on Friday as some markets return from the Boxing Day holiday and investors assessed economic data from the region. Market sentiment remained subdued amid growing political unrest as South Korea's main opposition party moved to impeach acting President Han Duck-soo,