Asian stocks were brought up by the comments of BoJ that suggests it reduced inflation forecast


Markets in Asia traded on the positive zone this Thursday. Investors are currently enduring the announcements from the Bank of Japan and anticipating European Central Bank and Bank Indonesia’s verdict on monetary stimulus.

Markets are keeping an eye on signals from the European Central Bank on whether it would announce a change in its bond-buying plan for the month of September; this is while the central bank is forecasted to hold its plans on rate hikes. Their currency took a wild ride after the remarks of Draghi were seen as non-dovish as it traded at $1.1508.

On Asian indices, Japanese benchmark Nikkei 225 index edged up as much as 0.6 percent, the Kospi index in South Korea advanced more than 0.17 percent and the Aussie benchmark ASX 200 added about 0.54 percent on the day. ASX got its gains from financial sub-indexes.

Meanwhile markets in China only acquired small gains on the previous session, with the Shenzhen Composite advancing by 0.593 percent and the Shanghai Composite also rose about 0.17 percent. The Hang Seng index in Hong Kong added more than 0.3 percent following its drop close to the flat line.

Asian stocks weren’t the only one on the positive territory on the day, the MSCI Asia Pacific index jumped by 0.67 percent to finish near its best to date levels in 10 years.

The Bank of Japan continued on keeping their monetary stimulus steady in the end of its meeting on Thursday. The central bank also reduced its expectations of inflation for 2017/2018 and 2018/2019.


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