As the Bank of Japan's two-day policy meeting begins Monday, Asian shares started the week higher, buoyed by gains on Wall Street and glimmers of strength in weekend data from China.
Revised data on Japan's gross domestic product show it contracted 1.1 percent in the fourth quarter, not 1.4 percent.
Investors are also hoping the European Central Bank and the Bank of Japan announce more stimulus measures when they meet this month, following the lead of the People’s Bank of China.
Taiwan's Foxconn said a plan to buy Sharp wasn't final, contradicting an announcement by the Osaka company.
A big reason for manufacturers’ lack of confidence: exports, which a report last week showed fell 13 percent in January, dragged by an 18 percent decline in sales to China.
Japanese Prime Minister Shinzo Abe has defended the policy even as the country's benchmark Nikkei 225 index tumbled 10 percent since the central bank's surprise move.
Japan’s GDP contracted in the fourth quarter more than economists had expected, and Prime Minister Shinzo Abe’s program may need a boost.
On Tuesday, as investors scrambled toward safe-haven assets, yields on longer-term Japanese bonds fell below zero for the first time in history.
Neither economic activity nor market conditions justified the adoption of a negative interest rate, according to one Bank of Japan policymaker.
Stronger capital controls might be the best option to halt the yuan’s fall, but it would still entail a tremendous loss of face.
Friday's gains for global stocks and oil prices tempered a turbulent start for the year.
Negative interest rates are the strongest ammunition yet that Bank of Japan Gov. Haruhiko Kuroda has used to spur economic growth.
In an unprecedented move to boost growth, the central bank announced Friday that it aims to achieve its 2 percent inflation target "at the earliest possible time."
The Bank of Japan is scheduled to give an update on monetary policy at 10 p.m. EST.
Stocks in Japan and South Korea climbed Wednesday after Iraq’s oil minister hinted that Saudi Arabia and Russia may cooperate to boost oil prices.
Iraq said its oil output hit a record in December and could be heading higher this year.
Oil jumped 10 percent above $32 a barrel on Friday as some traders bet a steep decline had ended.
Bank of Japan Governor Haruhiko Kuroda’s comments Thursday come amid speculation that the BOJ may expand stimulus as early as its rate review next week.
Consumer prices in Japan climbed a bit for the first time in five months, but the inflation rate remained well below the Bank of Japan’s target of 2 percent.
The central bank kept its monetary policy and stimulus target unchanged, but took other steps to instill confidence in the country's economy.
According to a Bank of Japan survey, corporations are positive about the future despite global headwinds and weak domestic consumption.
The ruling coalition was close to a deal to exempt food items from a tax hike, leaving the government scrambling to cover the resultant revenue deficit.