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Bank Of Japan Minutes On Tap For Wednesday

7/16/2013 6:00 PM ET

The Bank of Japan will on Wednesday release the minutes from its monetary policy meeting on June 10 and 11, highlighting a busy day for Asia-Pacific economic activity.

At the meeting, the BoJ decided to retain its target of doubling the monetary base in two years, but stopped short of announcing any new steps to curb bond market volatility. Meanwhile, the central bank upgraded its view of the economy. It also kept the nation's benchmark interest rate at the record low 0 to 0.10 percent.

Japan also will provide final June numbers for machine tool orders; little change is expected from the preliminary reading that suggested a contraction of 12.4 percent on year.

China will provide June figures for FDI and also see June results for the Conference Board's leading and coincident indexes. FDI is expected to rise 0.7 percent on year after adding 0.3 percent in May. The leading index was up 0.3 percent in May, while the coincident added 0.7 percent.

Australia will see May results for the Westpac leading index; in April, the index was up 0.6 percent on month.

Singapore will provide trade data for June; in May, imports were worth SGD39.76 billion and exports were at SGD44.31 billion for a trade surplus of SGD4.55 billion.

Malaysia will release June figures for consumer prices, with analysts expecting an increase of 0.1 percent on month and 1.9 percent on year. That follows the 0.3 percent monthly gain and the 1.8 percent annual increase in May.

by RTT Staff Writer

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