Japanese shares poised to open higher; Wall Street dips on mixed earnings

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Japanese shares poised to open higher; Wall Street dips on mixed earnings
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The Bank of Japan is set to release its monetary policy statement later on Thursday, with interest rates expected to remain unchanged.

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Stocks in Japan were set to see opening gains on Thursday despite an overnight dip on Wall Street following mixed earnings results stateside.

Both the S&P 500 and Nasdaq had posted record closing highs in Tuesday's session, boosted by strong corporate earnings results from companies like United Technologies, Coca-Cola and Twitter. But stocks slipped from record levels on Wednesday as Wall Street digested a mixed batch of corporate earnings.

Investors are closely watching this corporate earnings season amid fears of contracting profits. Analysts polled by FactSet came into the season expecting a 4.2% decline in S&P 500 earnings. The earnings growth rate of the companies that have reported so far is nearly 2.4%, according to FactSet.

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