Asia stocks hold steady as more rate cuts loom
A holiday in Japan made for thin trading and MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, after bouncing 2.7% last week. Japan's Nikkei was shut but futures were trading at 38,300 compared to a cash close of 37,723. The index rallied 3.1% last week as the yen eased from its highs and the Bank of Japan (BOJ) signalled it was in no rush to tighten policy further.