Asia markets mostly climbed at the open on Thursday, with Japanese shares leading regional peers as local media reports suggested a sizable stimulus package from the Abe government was forthcoming. In Japan, the benchmark Nikkei 225 rallied 1.18 percent, with stocks receiving a boost from a relatively weaker yen.
"All eyes [will be] on Japan this morning, with talk of a 20 trillion yen stimulus package through a supplementary budget," said Chris Weston, chief market strategist at brokerage firm IG. "Although most economists would still stress that genuine reform still needs to be addressed to really put Japan on the right path."
Japan's Kyodo News reported that the Japanese government was arranging to compile a stimulus package of at least 20 trillion yen (USD 188 billion) to help the domestic economy emerge from deflation, and to fend off possible adverse effects of Brexit. The report cited sources close to the matter. Previously, the stimulus package was expected to be a little more than 10 trillion yen, but the size was now likely to double, said Kyodo News. In South Korea, the Kospi gained 0.02 percent.
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"All eyes [will be] on Japan this morning, with talk of a 20 trillion yen stimulus package through a supplementary budget," said Chris Weston, chief market strategist at brokerage firm IG. "Although most economists would still stress that genuine reform still needs to be addressed to really put Japan on the right path." 
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