The Japanese market momentum was mainly driven by Japan's technology and financial sectors.
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Asia-Pacific stock markets were mostly lower on Wednesday, tracking losses on Wall Street, as post-election rallies in the US stalled overnight.
Rated by Asian traders Corporate product data The year-on-year producer price increase rate, or wholesale inflation rate, reached 3.4% in October, the highest level since July last year.
This was higher than the 3% increase expected by economists polled by Reuters and the 2.8% increase in September.
Japanese Nikkei Stock Average fell 1.66% to end at 38,721.66, and TOPIX fell 1.21% to 2,708.42.
Korean Kospi fell 2.64% to end at 2,417.08, and the Kosdaq index fell 2.94% to end at 689.65.
Australia's S&P/ASX 200 fell 0.75% to end at 8,193.4.
Hong Kong's Hang Seng index was down 0.45% in the hour to the close, while mainland China's CSI300 index rose 0.62% to close at 4,110.89.
Investors are assessing what Donald Trump's re-election in the United States means for Chinese stocks and the Chinese government's economic stimulus policies.
Overnight in the US, stock prices fell as both the tech-heavy Nasdaq and S&P 500 snapped five-day winning streaks.
The Dow Jones Industrial Average fell 382.15 points, or 0.86%, to close at $43,910.98, and the S&P 500 fell 0.29%, to close at $5,983.99. The Nasdaq Composite closed slightly lower at 19,281.40.
Small-cap stocks, which are seen as likely to benefit from Donald Trump's return to the U.S. presidency, were mostly under pressure, with the Russell 2000 index down about 1.8%.
—CNBC's Brian Evans and Alex Harring contributed to this report.
