Asian equities declined on Wednesday ahead of a Bank of Japan monetary policy decision and as traders watched political developments in Thailand. A negative lead from Wall Street weighed on sentiment. U.S. shares declined for the first time in three sessions with the Dow Jones Industrial Average closing at its lowest level in almost a month.
In Tokyo, the Bank of Japan concludes a two-day policy meeting. While no changes are expected, Governor Haruhiko Kuroda’s post-meeting press conference will be watched for clues on the direction of monetary policy.
In a meeting with rival political groups on Tuesday, Thailand’s army chief encouraged them to agree to new elections this year and put an end to protests that have consumed the country since November. But the anti-government protest leader vowed to press ahead with plans to take down the caretaker government.