Japanese shares advanced, led by airlines and insurers, after the yen slid to a three-month low against the dollar and as investors awaited a central bank policy decision.

The Topix index gained 0.9 percent to 1,600.41 at 9:01 a.m. in Tokyo, climbing above 1,600 for the first time since August. The yen traded at 123.50 per dollar. U.S. stocks jumped Wednesday as the Federal Reserve published minutes of its October meeting, which stressed the pace of any rate increases will be gradual. Economists expect the Bank of Japan to maintain its stimulus at the conclusion of its policy meeting Thursday.

The Nikkei 225 Stock Average added 1 percent to 19,842.81 Thursday.

Fed officials inserted language into their October statement to stress that “it may well become appropriate” to raise borrowing costs in December and largely agreed that the pace of increases would be gradual, minutes of their meeting showed.

Source: Bloomberg