Japanese stocks rose ahead of a central bank policy statement in Tokyo, following U.S. equities higher as investors weighed the timing of U.S. interest-rate increases after lower-than-forecast economic data.
The Topix index added 0.7 percent to 1,569.15 as of 9:02 a.m. in Tokyo, with all of its 33 industry groups rising. The Nikkei 225 gained 0.9 percent to 19,418.20, trading near a 15-year high.
The Bank of Japan reports on monetary policy today, with 34 economists surveyed by Bloomberg News forecasting it will keep policy on hold, boosting the monetary base at an annual pace of 80 trillion yen. The Fed starts its two-day meeting today.
E-mini futures on the Standard & Poor’s 500 Index slipped 0.1 percent after the underlying gauge jumped 1.4 percent Monday, the most in almost six weeks. The Stoxx Europe 600 Index advanced 0.9 percent to a seven-year high, as Germany’s DAX gauge topped 12,000 for the first time.