Japanese stocks retreated Wednesday's trading session. The Nikkei Stock Average fell 0.3% to 15,741.57.
The BoJ reiterated its monetary policy stance in today’s meeting, stressing at the same time that the domestic economy keeps the recovery on track, although it lowered its GDP growth forecast for 2014 to 1.4% from 2.7% in 2013.
In the tech group, shares of Renesas Electronics Corp. dropped 2.8% following reports the chip maker plans to cut roughly 5,400 jobs by the end of March 2016.
Stock in electronics major Advantest Corp. lost 2.5%, moving down alongside most other tech issues.
Financial shares were mostly higher. Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. each gained 0.9%.
Hong Kong stocks extended the previous day's gains early Wednesday, as investors awaited initial results of HSBC's Chinese manufacturing survey, due Thursday.
The Hang Seng Index edged higher by 0.2% to 23,078.31. On the mainland, the Shanghai Composite Index advanced 0.7%.
The top mainland Chinese banks were mixed, as Bank of Communications Co. rose 0.4%, and Bank of China Ltd. added 0.3%, but Agricultural Bank of China Ltd. dropped 0.3%.
China's largest offshore oil-and-gas producer Cnooc Ltd. fell 2%, seeing continued selling after the company on Monday set a lower target for output growth in 2014 than the average annual growth goal for the five years through 2015. Another major Chinese oil company, PetroChina Co. , also gave up 1.2%.
Australian stocks slogged lower early Wednesday, with miners among the leading decliners, as the benchmark S&P/ASX 200 gave up 0.4%.
A sharp drop for spot iron-ore prices to a six-month low dragged on some of the top metals stocks, with Rio Tinto Ltd. off 1.7%, Fortescue Metals Group Ltd. retreating 3.5%, and Newcrest Mining Ltd. tracking losses for gold to trade 2.9% lower.
Shares of BHP Billiton Ltd. fell 1.4% despite posting a strong quarterly production report, including a 16% rise in iron-ore output compared to a year earlier.
Alumina Ltd., however, squeeked out a 0.2% gain after U.S. partner Alcoa Inc. saw an almost 7% gain in New York after an upgrade from J.P. Morgan.
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