Japanese equities erased some of the previous losses on Tuesday amid hopes that the BoJ will announce additional stimulus measures to boost faltering economy. Market sentiment was improved by hopes that the ECB and Fed will ease theitr monetary policies further. Moreover, investors started to buy equities that were oversold during dismal earnings season, thus sending Japanese stocks higher. Nikkei 225 Index added 0.50% to trade at 8,929.88. Utility and financial firms were the strongest in the index. Chubu Electric Power and Osaka Gas rose by 5.41% and 1.79% while Credit Saison and Bank of Yokohama climbed by 2.65% and 2.20%. Meanwhile, All Nippon Airways gained 2.27% after attaining 36-year low on Aug. 3 when the company announced a secondary public offering of JPY175 billion. At the same time, oil and gas companies created pressure on the Nikkei, with JX Holdings slumping by 1.95%.