Asia stocks rise as ECB appears set to cut rates; softer labor market fuels hopes the Fed might follow suit

Asia stocks rise as ECB appears set to cut rates; softer labor market fuels hopes the Fed might follow suitThis is CNBC's live blog covering Asia-Pacific markets.

The Bank of Japan's inflation target of 2% from 2025 onwards may not be met, BOJ policymaker Toyoaki Nakamura said in a speech in Sapporo, Reuters reported Thursday. The Australian bureau of statistics said the decline was driven by metal ores and minerals. Imports to Australia fell 7.2% year on year.

CNBC Pro: This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager Such a phenomenon raises"concerns about policy continuity, economic reforms, and overall investment climate increased market volatility, potential capital outflows, and a slowdown in both foreign direct investment and domestic investment," Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East, told CNBC Pro.

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ECB is likely to jump ahead of the Fed by cutting rates on June 6The European Central Bank on Thursday is likely to lower interest rates, while the Federal Reserve remains on hold with plans to trim U.S borrowing costs.
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