CANBERA (dpa-AFX) - 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 bank is widely expected to keep interest rates on hold at the current level of 0 to 0.10 percent, although analysts are uncertain if the bank will provide some other means of stimulus.
Japan also will see September figures for industrial production, unemployment, household spending and vehicle production. Industrial output is expected to fall 3.1 percent on month and 7.1 percent on year after shedding 1.6 percent on month and 4.6 percent on year. The unemployment rate is called steady at 4.2 percent, while household spending is tipped to rise 0.8 percent on year after adding 1.8 percent in the previous month. Vehicle production was up an annual 4.5 percent a month prior.
Australia will see the September results for new home sales; in August, sales were down 5.3 percent on month.
South Korea will announce September numbers for current account; in August, South Korea saw a four-month low surplus of $2.36 billion.
Copyright RTT News/dpa-AFX
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