Asian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped a tumultuous week.
U.S. futures and oil prices rose.
In Tokyo, the Nikkei 225 index surged 2.1% to 38,468.63.
The key focus in Asian markets this week will be the Bank of Japan’s monetary policy meeting on Wednesday, where investors widely expect the central bank to raise its key interest rate from its near-zero level to perhaps up to 0.3%.
The U.S. Federal Reserve will wrap up its policy meeting on Wednesday and is expected to keep its benchmark rate unchanged. But it might provide further support for a rate cut in September. This week also will bring U.S. jobs data on Friday.
“In a monumental week for macro watchers, everyone is hoping for calm while bracing for the inevitable storm of
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