Asian stocks surged on Friday with Japan's Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve's big cut to interest rates .
U.S. futures and oil prices were lower.
The Bank of Japan ended a two-day monetary policy meeting and announced it would keep its benchmark rate unchanged at 0.25%.
In Tokyo, the Nikkei 225 index soared 2.1% to 37,935.58 after the nation's key inflation data in August accelerated for a fourth consecutive month. The core consumer price index rose 2.8% year-on-year in August, exceeding the central bank's 2% target and leaving room for further rate hikes.
Markets are closely watching for hints on the pace of future rate hikes from BOJ Gov. Kazuo Ueda.
