Asia Stocks Pare Drop, Japan Reverses Losses, on BOJ

Asian stocks pared declines, with Japanese shares reversing losses, after the Bank of Japan expanded its stimulus program in its first policy decision under new governor Haruhiko Kuroda.

Toyota Motor Corp., the world’s largest carmaker, advanced 2.8 percent, reversing an earlier drop, as the yen weakened against the dollar and Japanese government bonds rose. Mitsubishi Estate Co. surged 7.2 percent in Tokyo, leading gains among property firms. BHP Billiton Ltd., the world’s No. 1 miner, retreated 1.5 percent in Sydney as copper sank to the lowest price since August.