Japanese markets ended little changed after a choppy session as traders returned from a holiday. The Nikkei average finished marginally lower at 57,639.84, after climbing past the 58,000 mark at the start of trading. The broader Topix index settled 0.70 percent higher at 3,882.16.
The yen pulled back after a three-day rally while government bonds rallied following Prime Minister Sanae Takaichi's pledge to pursue "responsible" stimulus following her historic election win.
Cosmetics maker Shiseido soared nearly 16 percent after its fourth quarter earnings and full-year forecast beat analyst estimates.
Automaker Honda Motor tumbled 3.5 percent after posting a steep decline in its third-quarter operating profit. Technology investor SoftBank Group jumped 2.4 percent before announcing its financial results.