Japanese Shares Climb as BoJ Set to Raise Rates – Asia Market Wrap

Asian stocks rose, driven by Japanese shares, as investors waited for policy decisions from Japan and the United States this week for short-term trading cues.

The MSCI Asia Pacific Index rose, boosted by a rebound in Japan, with the tech-heavy Nikkei 225 index rising the most in almost a month. China’s mainland shares also climbed as the country announced stronger-than-expected manufacturing output and fixed-asset investment growth. US equity futures edged higher after the S&P 500 lost 0.7% on Friday.

Approximately 90% of Bank of Japan observers expect the authorities to end their negative-rate policy on Tuesday. Speculation over a shift has grown since Japan’s main union group announced the strongest salary agreements in more than three decades. The yen weakened versus the dollar.