Asian Market Update : Epic Research Malaysia

Asian shares edged up on Friday, on track for their biggest monthly rise since January 2012 but headed for weekly losses as investors fretted about the possibility United States interest rates could still rise this year.

Japanese shares slipped briefly and then regained their composure, while the yen rose after the Bank of Japan held policy steady.

The BOJ kept monetary policy steady as most had expected, but some investors had speculated the central bank would deliver some additional steps to support Japan's economy, and many still expect it to eventually deliver more easing. "The BOJ will probably wait to see whether the Fed may move in December, before deciding to ease further," said Hiromachi Shirakawa, chief economist at Credit Suisse Securities Japan. "As such I expect further easing by the BOJ may come in January at the earliest but it will more likely to happen in April.

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