Asian stocks rose for a
fifth day as material and health-care companies advanced and investors
await a Bank of Japan policy decision and the release of Federal Reserve
meeting minutes.
The MSCI Asia Pacific
Index added 0.1 percent to 149.21 as of 9:03 a.m. in Tokyo. The BOJ ends
a two-day meeting today, with all 34 economists surveyed by Bloomberg
predicting the Japanese central bank will maintain record stimulus.
Investors are waiting for Fed minutes for clues on when policy makers
will increase U.S. interest rates after payrolls data added to signs of a
weak first-quarter growth in the world’s biggest economy.
The BOJ will probably
expand stimulus by the end of October, according to 22 of 34 economists
surveyed by Bloomberg. The BOJ is among a wave of central banks easing
policy to stave off deflation and ignite growth. By contrast, the Fed
has ended its bond-buying program and is pondering its first rate
increase since 2006.
The world economy’s
growth potential won’t soon return to levels seen before 2008 financial
crisis as business investment slumps, raising the urgency for officials
to find ways to stimulate demand, the International Monetary Fund said
in its World Economic Outlook released Tuesday.
Source : Bloomberg
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