HONG KONG (dpa-AFX) - The Bank of Japan will on Tuesday release the minutes from its monetary policy meeting on July 19 and 20, highlighting a modest day for Asia-Pacific economic activity.
At the meeting, the bank voted to retain the -0.1 percent interest rate on current accounts that financial institutions maintain at the bank. It also left its massive monetary stimulus unchanged and pushed back the timeframe to achieve its 2 percent inflation target.
Japan also will see August figures for producer prices, with forecasts suggesting an increase of 0.7 percent on year following the 0.6 percent gain in July.
New Zealand will release August numbers for imports, exports and trade balance. Imports are expected to be worth NZ$4.80 billion, up from NZ$4.55 billion in July. Exports are pegged at NZ$4.05 billion, down from NZ$4.63 billion in the previous month. The trade deficit is called at NZ$2.910 billion following the NZ$3.213 billion shortfall a month earlier.
New Zealand also will see September results for the business confidence and activity outlook surveys from NBNZ; in August, their scores were +18.3 and +38.2, respectively.
Hong Kong will provide August figures for imports, exports and trade balance. In July, imports were worth HKD356.19 billion and exports were at HKD326.6 billion for a trade deficit of HKD29.60 billion.
Singapore will see August numbers for industrial production, with forecasts suggesting a decline of 0.4 percent on month and an increase of 14.1 percent on year. That follows the 1.0 percent monthly increase and the 21.0 percent yearly gain in July.
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