Asian equities were mixed on Thursday following overnight losses on Wall Street as robust growth figures from the world's third-largest economy failed to lift sentiment.
Japan's first-quarter gross domestic product grew at an annualized pace of 5.9 percent, its fastest pace since the July-September quarter in 2011.
"5.9 percent means that people have not been buying only toilet paper, they have been buying all sorts of things and preparing a big consumption binge. So far, much of Abenomics has depended on money printing and a weaker yen but what we are seeing now is strong consumer demand," said Martin Schulz, senior economist at Fujitsu Research Institute.
U.S. stocks declined on Wednesday, one day after the Dow Jones Industrial Average and the S&P 500 hit record highs, as the 10-year Treasury yield plunged to a six-month low. The move was viewed by some as signaling an economic slowdown and a reason to sell riskier assets.