The Bank of Japan's is expected to maintain a dovish policy stance in its next meeting.Asian stock markets trade mixed on Friday. The KOSPI Index posted a modest loss of 0.05%, while the NIFTY 50 fell 0.77%.
Additionally, Japan’s surprise Trade Surplus for the first time since July 2021. The Finance Ministry said on Thursday that the Japanese trade surplus came to ¥43 billion. Market consensus hada ¥46.7 billion deficit. The value of exports rose 1.5%, led by shipments of automobiles and construction equipment. Imports fell 12.9% due to substantial declines in the value of fuel shipments into Japan.
Chinese President Xi Jinping have a meeting with Henry Kissinger in China's capital on Thursday, amid efforts by Beijing and Washington to mend frayed ties. Market players will keep an eye on the development between the world’s two largest economies. In the absence of any top-tier data releases on Friday. Market participants await announcements from next week's Federal Open Market Committee's monetary policy meeting. Market participants will focus on the Bank of Japan interest rate decision, European Central Bank's decision, and the Federal Reserve's decision next week. Also, the headlines surrounding Sino-US relations will be in focus.
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