The Bank of Japan will on Thursday release the minutes from its monetary policy meeting on July 30-31, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the BoJ maintained its interest rate and lifted its inflation outlook citing the rise in food prices. The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent. Previously, the bank had raised the benchmark rate to the current level from 0.25 percent in January.
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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.