Asian stocks rose,
following a rally in U.S. shares, after minutes from the most recent
Federal Reserve meeting showed policy makers’ faith in the world’s
biggest economy, with officials saying the pace of any rate increases
will be gradual.
The MSCI Asia Pacific
Index advanced 0.7 percent to 132.47 as of 9:02 a.m. in Tokyo. Through
Wednesday, the gauge rallied 8.6 percent from a two-year low in
September as investors prepare for the first U.S. interest-rate increase
since 2006. In the statement following their October gathering, Fed
policy makers made it clear that a rise would be considered at the Dec.
15-16 meeting.
Japan’s Topix index
advanced 0.9 percent after the yen weakened against the dollar for a
third day on Wednesday. All 41 economists in a Nov. 13-17 Bloomberg poll
predict no change at the Bank of Japan’s policy meeting ending on
Thursday. Forty-six percent of respondents don’t expect the BOJ to boost
its current pace of asset purchases -- up from 33 percent last month.
Source: Bloomberg
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