Japanese
stocks rose ahead of a central bank policy statement in Tokyo,
following U.S. equities higher as investors weighed the timing of U.S.
interest-rate increases after lower-than-forecast economic data.
The
Topix index added 0.7 percent to 1,569.15 as of 9:02 a.m. in Tokyo,
with all of its 33 industry groups rising. The Nikkei 225 gained 0.9
percent to 19,418.20, trading near a 15-year high.
The
Bank of Japan reports on monetary policy today, with 34 economists
surveyed by Bloomberg News forecasting it will keep policy on hold,
boosting the monetary base at an annual pace of 80 trillion yen. The Fed
starts its two-day meeting today.
E-mini
futures on the Standard & Poor’s 500 Index slipped 0.1 percent
after the underlying gauge jumped 1.4 percent Monday, the most in almost
six weeks. The Stoxx Europe 600 Index advanced 0.9 percent to a
seven-year high, as Germany’s DAX gauge topped 12,000 for the first
time.
Source: Bloomberg
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