Market Commentary and Intraday News

Bank Of Japan Minutes On Tap For Monday

239 days ago

(RTTNews) - The Bank of Japan will on Monday release the minutes from its monetary policy meeting on August 8 and 9, highlighting a light day for Asia-Pacific economic activity.

At the meeting, the central bank held its benchmark uncollateralized overnight call rate at 0-0.1 percent and also kept the total size of the stimulus program at JPY 70 trillion with the asset purchases of JPY 45 trillion and the credit facility of JPY 25 trillion.

Japan also will see August figures for supermarket sales; they were down 4.9 percent on year in July.

Singapore will provide August figures for consumer prices; in July, CPI was up 0.2 percent on month and 4.0 percent on year.

Hong Kong will release current account data for the second quarter of 2012; the current account surplus in Q1 was 1.7 billion Hong Kong dollars.

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