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.

Nikkei 225 12,634.54 +272.34 +2.20%

Hang Seng Closed

S&P/ASX 200 4,913.5 -44.18 -0.89%

Shanghai Composite Closed

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.