Asia markets were mixed today as investors await rates decisions from the Federal Reserve and the Bank of Japan.
In Tokyo, the Nikkei closed 1.72% at 16,664.82 and Topix was up 1.13% at 1,327.67.
Japanese Prime Minister Shinzo Abe today announced plans for more than ¥28 trillion ($265 billion) in stimulus. Abe said the package will be put together next week. There will also be ¥13 trillion for "fiscal measures".
The prime minister has been promising a new stimulus plan to prop up the economy since he was re-elected on July 10.
The dollar strengthened 0.75% against the yen after the reports surfaced and was recently at ¥105.45.
Line (LN) - Get Report was up 3.38% in Tokyo. The messaging app which made its New York and Tokyo debut earlier this month today said revenue in the first half of the year was up 19.8% at Y67.3 billion, compared with a year earlier. Net income was up to ¥2.6 billion, compared with a loss last year.
Nintendo (NTDOY) shares fell 5.45% today after reporting an operating loss of ¥5.1 billion for the three months ending in June. This was ahead of analysts' expectations of a ¥2.1 billion. The losses were blamed on a stronger yen, as the company derives the majority of its sales overseas.
Earlier this week, Nintendo said that its runaway hit Pokemon Go, an augmented reality game, would have a limited impact on earnings. This was due to the fact that the rights to Pokemon franchise are owned by another company.
The games company suggested that it will increasingly look towards mobile apps for revenue.
"Nintendo will release Pokemon GO Plus, a peripheral for the mobile game app...Pokemon GO Plus interacts with the app and lets players know when Pokemon are detected," the company said.
Shares in the company had almost doubled since the release of the game, but have since fallen back. They are however still 50% up from when Pokemon Go was released in the U.S.
In Hong Kong, the Hang Seng was up 0.24% at 22,182.52.
On mainland China, the CSI 300 was down 1.57% at 3,218.24.
The Shanghai composite fell on reports that China's regulator was looking into introducing curbs that would restrict wealth-management products from investing in some equities.
Industrial profits in China grew faster in June than in previous months. Industrial profits were up 5.1% in June, according to China's National Bureau of Statistics, compared with 3.7% in May.
Futures pointed to a positive start in the U.S., with Dow Jones Industrial Average mini futures recently up 0.23% and S&P 500 mini futures up 0.18%.