The Bank of Japan is set to release its monetary policy statement later on Thursday, with interest rates expected to remain unchanged.
Stocks in Japan were set to see opening gains on Thursday despite an overnight dip on Wall Street following mixed earnings results stateside.
Both the S&P 500 and Nasdaq had posted record closing highs in Tuesday's session, boosted by strong corporate earnings results from companies like United Technologies, Coca-Cola and Twitter. But stocks slipped from record levels on Wednesday as Wall Street digested a mixed batch of corporate earnings.
Investors are closely watching this corporate earnings season amid fears of contracting profits. Analysts polled by FactSet came into the season expecting a 4.2% decline in S&P 500 earnings. The earnings growth rate of the companies that have reported so far is nearly 2.4%, according to FactSet.
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