Equities were mixed on Monday in Asia, with investors gearing up for policy decisions at major central banks this week and concern over the Chinese economy continuing to dampen sentiment.
With recent data releases suggesting inflation is now coming down after more than a year of interest rate hikes, hope is building that officials are close to bringing an end to their tightening cycles.
A string of positive data in recent months has given the Fed some room to take its foot off the pedal and allow the economy to avert a feared recession. And Deutsche Bank economists wrote in a recent note to clients that they "see the line between mild recession and soft landing as increasingly fine and view the probabilities of the latter outcome undeniably on the rise".
After a tepid Friday on Wall Street -- though one that saw the Dow chalk up a 10th successive gain -- most of Asia rose. The yen has tumbled against the dollar this year as the BoJ refused to tighten policy even as the Fed pushed its own rates higher.
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