(Bloomberg) — Stocks in Japan and Hong Kong led gains in Asia while the dollar fell as investors awaited US inflation data that will help clarify the path for Federal Reserve policy.
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Benchmark Japanese share gauges were poised to notch fresh three-decade highs, thanks in part to the yen’s recent weakness. Strategists also said a newly introduced tax-free retirement savings program may help attract more domestic inflows to the market.
“The recent rally shows that overall, both domestic individual investors and foreign investors, have been forced to change their attitude toward Japanese stocks to a more positive one,” said Ikuo Mitsui, fund manager at Aizawa Securities Co. “There is also a sense that investors who were late to the market are buying to follow the rise in the index.”
Meanwhile, stocks in Hong Kong were on course to snap their longest stretch of losses since August, although some analysts…
