The Japanese stock market may extend its losing streak on Friday after the Nikkei 225 fell 313.11 points or 0.84 percent to 36,985.87 on Thursday, marking a two-session drop of nearly 550 points. The decline was driven by losses in financial shares, technology stocks, and automobile producers. Global sentiment is negative amid U.S. deficit concerns and elevated treasury yields, with the Republican tax cut bill passing the House and sparking fears of trillions in added debt. Crude oil prices also fell further on reports that OPEC members are discussing a third consecutive production surge in July, with West Texas Intermediate crude for July delivery sliding 0.6 percent to $61.20 a barrel. Japan will release April consumer price data later today, with March figures showing overall inflation up 0.3 percent month-on-month and 3.6 percent year-on-year, while core CPI rose 3.2 percent annually.