The Bank of Japan will on Tuesday release the minutes from its monetary policy meeting on January 23-24, highlighting a modest day for Asia-Pacific economic activity.
At the meeting, the central bank raised its short-term interest rate to the highest in 17 years, aiming for a price stability target of 2.0 percent amidst rising wages. BoJ policy board members raised the overnight call rate to around 0.5 percent from 0.25 percent - marking the highest since the global financial crisis in 2008.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.