BANGKOK -- Japan's Nikkei stock index posted solid gains today on hopes for more monetary stimulus and helped pull markets up elsewhere in Asia.
Economists had expected to see more than an annualized growth rate of 2.6 percent for the April-June quarter, given the size of the Bank of Japan's stimulus program and public spending called for under "Abenomics," the aggressive program undertaken by Prime Minister Shinzo Abe.
Today, however, analysts saw the glass as half full. Disappointing data meant it was more likely that the Bank of Japan might step up its already massive government bond buying program.
Benchmark crude oil inched up to remain above $106 per barrel. The dollar gained against the yen and fell against the euro.