© Reuters.
Investing.com– Most Asian stocks rose on Wednesday, as expectations of lower U.S. interest rates and dovish signals from the Bank of Japan kept investors optimistic over a more accommodative environment in the coming year.
Japan’s remained an outperformer among its peers, surging 1.8% to a 33-year high after the maintained its ultra-dovish policy and offered scant cues on a potential pivot in 2024.
A dovish BOJ has been a key point of support for the Nikkei this year, given that the bank largely contrasted its global peers by keeping interest rates at ultra-low levels. With BOJ now showing little intent to tighten monetary conditions in 2024, Japanese stocks are set to enjoy accommodative conditions for longer.
Optimism over the BOJ also helped Japanese stocks firm past weaker-than-expected and data for November, which heralded increasing pressure on the…
