CANBERA (dpa-AFX) - The Bank of Japan will on Tuesday wrap up 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 its benchmark lending rate unchanged at -0.10 percent.
Japan also will see January numbers for tertiary industry, final January figures for industrial production and February data for Tokyo condominium sales.
The tertiary industry index is expected to add 0.4 percent on month after slipping 0.6 percent in December. The output figures are expected to show little change from the previous reading of +3.7% on month and -3.8% on year. Condo sales tumbled 11.0 percent on year in January.
The Reserve Bank of Australia will release the minutes from its monetary policy meeting on March 1. At the meeting, the RBA held its benchmark lending rate at the record low 2.00 percent for the ninth straight meeting.
Australia also will see February figures for new motor vehicle sales; in January, sales were up 0.5 percent on month and 5.1 percent on year.
Singapore will release January figures for retail sales; in December, sales were down 2.1 percent on month and up 2.9 percent on year.
Indonesia will provide February data for imports, exports and trade balance. Imports are expected to fall 11.4 percent after dropping 17.15 percent in January. Exports are called lower by 14.9 percent after tumbling an annual 20.72 percent in the previous month. The trade surplus is pegged at $92 million, up from $21 million a month earlier.
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