Asian shares logged moderate gains on Thursday after Wall Street stabilized following a sell-off in tech stocks the day before.

Tokyo's Nikkei 225 rose 1% to 26,642.88 after the Bank of Japan wrapped up a policy meeting with no major changes, maintaining its near-zero interest rate stance despite a sharp weakening of the yen against the dollar and rising costs for many imported commodities.

The dollar rose to 129.70 Japanese yen after the BOJ policy announcement, which indicated the central bank remains determined to keep lending conditions ultra-lax to help support the sluggish economy.