CANBERA (dpa-AFX) - The Bank of Japan is on Tuesday scheduled to release the minutes from its monetary policy meeting on January 21 and 22, highlighting a light day for Asia-Pacific economic activity.
At that meeting, the BoJ doubled its inflation target to 2 percent in a bid to end deflation. The central bank also announced open-ended asset purchases from next year. The Policy Board also voted unanimously to keep the benchmark uncollateralized overnight call rate at around 0 to 0.1 percent.
Japan also will see final December numbers for its leading and coincident indexes, as well as January data for department store sales. Little change is expected from last month's preliminary readings for the leading and coincident indexes, which came in at 93.4 and 92.7, respectively. Department store sales were down 1.3 percent on year in December.
The Reserve Bank of Australia also will release minutes from its monetary policy meeting on February 5. At the meeting, the RBA signaled that there is enough room to ease monetary policy further, if necessary, to support demand as it held the benchmark cash rate unchanged at 3 percent.
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