US MBA Mortgage Applications declines to -4% in Mar 29 from 7.7%

One day ahead of the BoJ meeting, Japan’s Nikkei Stock Average finally moves higher, jumping by +2.64% before a much expected announcement by new Governor Kuroda that is forecasted not only to engage in a more dovish approach but also to switch to different policy tools. South Korea’s Kospi (-0.23%), Hong Kong’s Hang Seng (-0.13%) and Mainland China’s Shanghai Composite (-0.18%) dropped with the slew of sub-50 European PMIs and lack of resolution in forming an Italian government. China’s non-manufacturing PMI rose from 54.5 to 55.6 in March.