Asian stocks muted amid Fed, China jitters; Nikkei soars after BOJ

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as weak China data and anticipation of a Federal Reserve rate decision kept sentiment frail, while the Nikkei rose sharply after the Bank of Japan signaled few changes to its ultra-dovish policy.

The central bank is expected to keep rates on hold, but is also likely to reiterate its higher-for-longer stance on rates- a scenario that heralds more pain for risk-driven assets. The readings indicated that stimulus measures from Beijing were so far having only a limited impact on the economy, and that more government spending was likely required to fish the Chinese economy out of a three year-long slump. This notion also kept investors largely averse to Chinese markets.

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