Trading volumes were thin as many regional markets, including China, Hong Kong and South Korea remained closed for holidays.
Japanese markets gave up early gains to end on a flat note as the yield on Japan's 30-year government bond rose to a record high and 10-year yields marked fresh 17-year peaks amid bets on a revival in big spending and loose monetary policy.
Meanwhile, investors cheered data that showed Japanese household spending rose at a faster pace than expected in August.
The Nikkei average hit a new peak before giving up all gains to end little changed at 47,950.88. The broader Topix index also ended on a flat note at 3,227.91.
Tech shares followed their U.S. peers high, with Advantest rising 0.6 percent and SoftBank Group adding 1.1 percent.
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