Asia stocks keep to one-year peaks
On Wednesday, Asian stocks got to new almost one-year peaks, while the Japanese yen weakened as market participants waited for major bank meetings this week, which could see promising stimulus in Japan and offer long-awaited clues on American interest rates.
MSCI's broadest index of Asia-Pacific stocks outside Japan earned 0.2%, getting to its highest value since August 11 of 2015. Moreover, that’s a 10% rise in a month.
Japanese Nikkei earned up to 1.1%, leading the region.
By the way, there’s a near-consensus among market participants that on Friday, the Bank of Japan is going to ease on Friday, most probably by simply ramping up its already enormous purchases of government bonds as well as riskier assets.
Dropping interest rates right into negative territory has proved rather an unpopular measure with the public and the government, accordingly deepening those dips is a less likely option, as sources familiar with the major bank thinking state.