• Asian stocks were trading mostly mixed into a week that includes policy decisions from the Bank of Japan and Federal Reserve which will likely set the near-term direction for global markets.
  • Australian equities fell while those of Japan advanced over 1%. South Korea stocks were flat with contracts for Hong Kong equities showing small gains. US equity futures were muted in early Asian trading after the S&P 500 fell 0.7% on Friday, a move exacerbated by the expiry of derivative contracts tied to stocks, index options and futures.
  • The moves in Japanese shares follow reports that the BOJ may lift its key interest rate to 0%-0.1% on Tuesday, its first hike in 17 years. Speculation on the central bank exiting its negative rate policy intensified on Friday after Japan’s largest union group announced the strongest wage deals in more than three decades.