TOKYO (dpa-AFX) - The Bank of Japan will release the minutes from its monetary policy meeting on October 30 on Monday, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the board decided to retain the benchmark overnight uncollateralized call rate at 0-0.1 percent. It also expanded its asset purchase program for the second straight month to prevent the economy from sliding into recession, amid risks of persistent deflation. The bank also trimmed its growth outlook, as overseas economies moved deeper into a deceleration phase.
Singapore will provide October figures for industrial production, with forecasts suggesting an increase of 3.5 percent on month and a contraction of 1.0 percent on year. That follows the 1.8 percent monthly decline and the 2.5 percent annual fall in September.
Copyright RTT News/dpa-AFX