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Bank Of Japan Minutes On Tap For Wednesday

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Bank Of Japan Minutes On Tap For Wednesday

The Bank of Japan will on Wednesday release the minutes from its September 19 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.

At the meeting, the Policy Board of the BoJ voted 7-2 to maintain interest rate at -0.1 percent on current accounts that financial institutions maintain at the bank. The bank said it will purchase government bonds so that the yield of 10-year JGBs will remain at around zero percent.

Japan also will see final October numbers for the services and composite PMIs from Jibun Bank; the previous scores were 50.3 and 49.8, respectively.

The central bank in Thailand will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep its benchmark lending rate steady at 1.50 percent.

The material has been provided by InstaForex Company – www.instaforex.com