Asian markets slightly low on Wednesday while Japan soars ahead of BoJ

FXstreet.com (Barcelona) - One day ahead of the BoJ meeting, Japan’s Nikkei Stock Average finally moves higher, jumping by +2.64% before a much expected announcement by new Governor Kuroda that is forecasted not only to engage in a more dovish approach but also to switch to different policy tools. South Korea’s Kospi (-0.23%), Hong Kong’s Hang Seng (-0.13%) and Mainland China’s Shanghai Composite (-0.18%) dropped with the slew of sub-50 European PMIs and lack of resolution in forming an Italian government. China’s non-manufacturing PMI rose from 54.5 to 55.6 in March.

Futures for the German DAX 30 (-0.33%) and the French CAC 40 (-0.57%) are down ahead of the preliminary release of EMU March consumer price index.