mitsubishi financial group, dai-ichi life insurance both grew 7% and nomura holdings rose. there was a bounce in exporters. pioneer, honda, panasonic all saw hefty gains. ramin mellegard, tokyo stock exchange. >>> moving on to other markets in asia. upper momentum from japan's spilled over into the region. kospi rose for a fourth day up by .5%. sidney added .7%. hong kong responded 23,669. highest finish in two weeks. gains in japan's financial firms encouraged investors to pick up banking shares. the boj's decision had limited impact on mainland china. the shanghai composited edged up by.10%. chinese premier said the country's economy is showing a steady upward trend. >>> executives at china's major steel makers say they are thinking about absorbing a smaller domestic competitor. it would create the world's second largest producer of steel. executives say they might take over wood iron and steel group both state-owned. chinese steel makers account for hahalf of global output. a pillar of the chinese economic reform is to encourage consolidation in the steel industry and lo

but banking shares like mitsubishi financial group ended higher after speculation that the boj may take measures to support bank profits which have suffered under the negative rate policy. on the flip side, takata tumbled more than 11% on news report that potential buyers are considering bankruptcy for the embattled air bag maker. all eyes are now on the boj meeting on wednenesday and we expect to see a bit of volatility as investors react and try to reposition themselves ahead of a holiday here on thursday in japan. giang nguyen reporting from the tokyo stock exchange. >>> many investors of the asia pacific region also avoided active trading before the policy decisions in the u.s. and in the -- in japan. hong kong ended almost flat as we see there down by 0.08%. indonesia declining by 0.4%. in china the shanghai composite was also 0.1% down to close at 3,023. property shares gained after new home prices for august rose in many cities. share prices in the philippines out performed the rest of the region. the pse gaining by 1.25%. 7,671 for the closing number. information related shares

signed agreements with three major banks in japan though it didn't name them, it's mitsubishi, and mizuho financial group're likely to be involved in a possible i.p.o. which the prime minister also backs. take a look at currencies at the moment at wes. i mentioned the weak manufacturing data out of the u.s. we're seeing fwapes in the new zealand dollar and australian dollar while the japanese yen pulling back to low every levels. some of what we're watching around the region this morning, i'm paul allen for bloomberg tv in sydney, australia. emily: mt. "bloomberg west" i'm emily chang. india's largest conglomerate leads across the nation from industries from steel to software. most recently they've ventured into wearables and ecommerce, challenging the likes of fitbit nd others. our reporter sat down with their c.e.o. about how they plan to expand. >> if you think about it at a broad level with energy, food and wellness, and consumer products. the technologies, we think those areas that have an impact for 100 million people and have potential of $100 million in profit. those are areas where we would focu