Japan’s Nikkei 225 Stock Average climbed for a sixth day after the yen weakened amid speculation the Bank of Japan will add stimulus at a meeting next week. The gauge fell earlier as companies including Mitsubishi Corp. cut profit forecasts.
Japanese stocks advanced, with the Topix Index rebounding from its steepest drop since May, after a report of declining Chinese industrial profits fanned bets policy makers will take steps to buoy Asia’s biggest economy.
Asian stocks rose a seventh day, sending the benchmark index to its longest winning streak since January 2011, after the Federal Reserve said it will buy mortgage-backed securities to bolster economic growth.
Asian stocks gained this week, with the regional benchmark index posting its biggest weekly advance since December, after the Federal Reserve said it will buy mortgage-backed securities to bolster economic growth.
Asian stocks tumbled, dragging down the MSCI Asia Pacific Index by the most in 14 months after a U.S. jobs report missed economist estimates and concern grew that Europe’s sovereign-debt crisis is spreading.
Japanese shares dropped for a fourth day after the Dutch prime minister resigned over austerity measures, deepening concern over Europe’s debt crisis, and a leading gauge of China’s economic growth slowed.
Japanese bonds rose, pushing benchmark 10-year yields to the lowest level since 2003, amid speculation the government will persuade the central bank to take further measures to keep borrowing costs low.