Asian stocks rose for a second day after U.S. industrial production increased more than forecast in March and Federal Reserve Chair Janet Yellen said the central bank remains committed to supporting the economic recovery.
Treasuries climbed with gold while U.S. stocks erased losses as investors weighed developments in Ukraine while concern intensified that slowing growth in China will hurt demand. Oil retreated on rising U.S. supplies.
Shane Oliver, Sydney-based head of strategy at AMP Capital Investors Ltd., which has about $126 billion under management, comments on the outlook for Bank of Japan policy following today’s decision to maintain asset purchases. He also discussed his forecast for Japanese equities, speaking in a telephone interview.