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Bank Of Japan Minutes On Tap For Friday

The Bank of Japan will on Friday release the minutes from its monetary policy meeting on May 21 and 22, highlighting a busy day for Asia-Pacific economic activity.

At the meeting, the BoJ kept the nation's benchmark interest unchanged at 0 to 0.10 percent. It also agreed to conduct money market operations so that the monetary base will increase at an annual pace of about JPY 60-70 trillion.

New Zealand will see May figures for non-resident bond holding, food prices and the Business NZ Performance of Manufacturing Index. Bond holdings were up 69.0 percent in April, while food prices were up 0.2 percent on month and down 0.1 percent on year and the PMI saw a score of 54.5.

Singapore will see Q1 results for unemployment, with forecasts suggesting no change from the 1.9 percent reading in the previous three months. Singapore also will see April results for retail sales, with forecasts suggesting an increase of 2.0 percent on month and a decline of 3.5 percent on year following the 5.4 percent monthly slide and the 7.4 percent annual decline in March.

Hong Kong will release Q1 data for producer prices and industrial production; in the previous three months, PPI was down 1.1 percent on year and output was up 1.3 percent.

by RTT Staff Writer

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