Asian indexes closed higher on Thursday as investors digested the Bank of Japan's monetary policy decision.
The Bank of Japan is keeping monetary policy steady while cutting inflation forecasts for the next two years. Vasileios Gkionakis, managing director, co-head of strategy research at Unicredit, discusses.
The Bank of Japan has pushed back the time frame for hitting its 2 percent inflation target. Takashi Miwa, chief Japan economist at Nomura, weighs in.
Hiromichi Shirakawa of Credit Suisse says Japanese corporations are unlikely to increase capital expenditure due to long-term growth expectations.
The Bank of Japan is insistent on holding onto its 2 percent inflation target, but it's unlikely to meet that target in the near future, says Alvin Liew of UOB.
The Bank of Japan may adjust near-term inflation forecasts, but it's is unlikely to budge on its medium-term outlook, says Dwyfor Evans of State Street Global Markets.
Markets could start to question the long-term sustainability of Japanese Prime Minister Shinzo Abe's economic program – known as 'Abenomics'.
As Shinzo Abe's approval declines, markets could question the stability of 'Abenomics', Derek Halpenny, market researcher at Bank of Tokyo-Mitsubishi, said.
The dollar eased against the yen on Wednesday, after Federal Reserve Chair Janet Yellen said interest rates hikes would be gradual.
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Most Asian indexes closed higher on Monday following the better-than-expected nonfarm payrolls data stateside on Friday.
Investors are feeling more confident in a shift in policy from central bankers, said Philip Shaw, chief economist at Investec.
The Bank of Japan stepped up plans for its bond-buying on Friday as JGB yields crept higher, causing the yen and oil to drop.
Japan's Tankan report showed the Big Manufacturers Index for June came in higher than expected at +17, beating forecasts.
Japan's central bank issued a rare apology on Friday over a board member's praise for Adolf Hitler's economic policies.
Japan's May industrial output fell 3.3 percent on-month, preliminary government data showed Friday, the fastest pace of decline since 2011.
Japan released a slew of data on Friday, with May core consumer prices rising 0.4 percent on year, marking the fifth straight month of gains.
An influential Federal Reserve official said U.S. inflation would pick up as wages improved.
The Bank of Japan released the minutes of its April policy review.
The dollar nudged higher on Monday as New York Fed President William Dudley's comments came with doubts about raising rates.