The Bank of Japan will on Tuesday conclude its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep the nation's benchmark interest rate at the record low 0 to 0.10 percent, although analysts believe that some additional stimulus measures may be introduced.
Japan also will see Q2 results for the BSI manufacturing and all industry indices, plus May numbers for money stock. In Q1, the all industry index saw a score of 1, while the manufacturing index came in at -4.6. M2 money stock is expected to add an annual 3.5 percent, up from 3.3 percent in April, while M3 is called to rise to 2.8 percent from 2.6 percent in the previous month.
Australia will provide April figures for home loans, and also see the May results of the NAB business confidence survey. Home loans are expected to rise 2.0 percent, slowing from 5.2 percent in March. Business confidence saw a score of -2 in April, while business conditions came in at -6.
Malaysia will provide April numbers for industrial and manufacturing production. In March, industrial production was down 1.3 percent on month and 0.2 percent on year, while manufacturing production shed 1.9 percent on month and 0.3 percent on year.
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