Asian stocks appeared to be under pressure in today's trading and the Japan's Nikkei 225 fell by about 1.1 percent as Yen gained, after touching its highest point yesterday since April 2010. The MSCI Asia Pacific Index fell 0.3 percent to 132.28 today at the time of reporting.

The Yen rose for a second day on Wednesday after the country's lawmakers warned over weakness in the country's currency. The demand for credit in the Japanese economy has been affected due to deflation and a high exchange rate. The situation has prevented the country from boosting its domestic consumption in recent years.

Falling prices have forced consumer to postpone purchases expecting to get cheaper prices while a high exchange rates have made Japanese goods more expensive for foreign buyers. BoJ is also offering unlimited loans to banks in the country boost domestic demand and encourage lending. Experts say that the measures would help the economy but the central bank is required to further steps to boost the economic growth.

Japan's central bank, the Bank of Japan (BOJ) is facing pressure from the new government of Prime Minister Shinzo Abe to show to the market players that it is willing to take bold steps to ease monetary situation in the country. Abe is looking to appoint the new governor of the central bank and agreement on the policy of pursuing further monetary easing is a major requirement.