According to the Wisdom Financial App, following the global stock market crash on Monday, the Bank of Japan stated that it will not raise interest rates if the financial market is unstable, and then Asian stock markets rose for the second consecutive trading day.

On Wednesday, MSCI Asia Pacific Index rose as high as 1.8%. Following the violent rise of the Japanese stock market on Tuesday, it continued to surge on Wednesday. The TOPIX index in Japan once rose by 4.3%, and the Nikkei 225 index rose by more than 3%, almost recovering from the drastic decline created by the “Black Monday”. Earlier, BOJ Deputy Governor Masayoshi Amamiya personally stabilized investor sentiment on Wednesday by pointing out that the Japanese market has been volatile recently. He also stated that if the prospects of policies are affected, the BOJ's interest rate policy path will change. The benchmark stock indices in South Korea and Taiwan also rose sharply.

Masayoshi Amamiya stated that the recent market trends are "extremely unstable" and the central bank needs to temporarily maintain loose monetary policy. He also stated that the Bank of Japan will not raise interest rates when the market is unstable, which contradicts the central bank's strong stance last week. Amamiya's remarks indicate that the Bank of Japan is clearly concerned about the global impact of the recent volatility in the Japanese stock market.

In addition, as concerns about further closure of yen carry trades eased, the yen against the U.S. dollar fell more than 2%, and technology stocks led the entire region. However, some market observers remain cautious.

Asian stock markets have risen for the second consecutive trading day.

As the recent tightening of monetary policy by the Bank of Japan seems to have caused a historic stock market crash in Japan and led to global market turmoil, the central bank is facing public opinion pressure. The TOPIX index experienced two consecutive days of record declines before rebounding on Tuesday. On Monday, it led the global stock market crash, mainly due to investors' concerns about the possible damage to Japan's fragile economic recovery and the appreciation of the yen, which severely hit large export enterprises such as Toyota.

Charu Chanana, director of forex strategy at Shengbao Bank, said that Masayoshi Amamiya's remarks "can currently bring some stability to the Japanese stock market, but cannot alleviate people's concerns about the recession of the US economy." "In this environment where volatility is on the rise and the market is nervous about the US economy, it is still difficult to carry out new arbitrage transactions."

The global stock market crashed on Monday, and the weak employment report in the United States intensified people's concerns that the Fed's interest rate policy may cause further economic slowdown. The Bank of Japan raised interest rates and promoted the appreciation of the yen, which in turn stimulated the reversal of carry trades. Investors will closely watch the initial jobless claims data in the United States to evaluate the health of the US economy, which will be released on Thursday this week.