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Asia markets mostly climb as investors assess China business activity data, await Bank of Japan rate decision

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The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.

Traders will be watching the Bank of Japan's rate decision, with economists polled by Reuters expecting the bank to raise rates to 0.1%.

Should the bank raise rates, this will mark the first time since 2010 that its benchmark interest rate stands firmly at 0.1% or higher. Asia-Pacific markets mostly climbed Wednesday as investors awaited the Bank of Japan's rate decision and assessed China's business activity data.the first time since 2010in July, with the official manufacturing purchasing managers' index standing at 49.4, down from 49.5 in June. This figure, however, beat forecasts from a Reuters poll, which expected the PMI to come in at 49.3.June's inflation rate also came in at 3.

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Asia markets are mixed ahead of Bank of Japan rate decision, China business activity dataThe Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.
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