Asian stock closed lower ahead of the Fed' policy meeting. Market participants expect the Fed will cut its asset purchase program by another $10 billion.

Market participants also speculate the Fed will start to hike its interest rate sooner than expected.

The Bank of Japan (BoJ) Governor Haruhiko Kuroda said at a meeting of business leaders in the Kansai region today that the BoJ will add fresh easing measures if needed to achieve its 2% inflation target. Mr. Kuroda added Japan's economy will continue to recover moderately and the inflation target of 2% will be achieved as expected.

Indexes on the close:

Nikkei 225 15,911.53 -36.76 -0.23%

Hang Seng 24,136.01 -220.98 -0.91%

Shanghai Composite 2,296.56 -42.58 -1.82%