The Bank of Japan October monetary policy meeting concludes today.
There is no firmly scheduled time for the announcement and statement, as always. It is reasonable to expect these during the 0230GMT to 0330GMT time window and I'll be back with more on this separately.
What we do know is that Bank of Japan Governor Kuroda will speak, at his press conference, at 0630GMT.
What to expect from the BOJ today?
- MUFG says the BOJ is likely to ease further - preview of Thursday's policy meeting
- BOJ preview and where to for USD/JPY
- the FOMC and BOJ meetings - forecast range for USD/JPY (a contrasitng view from analysts at MUFG)
- BOJ reportedly said to mull refraining from extra stimulus at next week's meeting
- Another piece suggesting the BOJ will leave policy unchanged
- BOJ meet this week - preview
Elsewhere on the data calendar.
2145 GMT New Zealand Building Permits for September
- prior +0.8% m/m
2350 GMT Japan Industrial Production for September (preliminary)
- expected 0.4% m/m, prior -1.2%
- expected -0.1% y/y, prior -4.7%
- I'll have more to come on this separately
- Also at 2350GMT from Japan is the weekly securities flows data.
0000 GMT New Zealand - ANZ business survey for October
- Business Confidence prior -53.5 (yes, very ugly indeed)
- Activity Outlook prior -1.8
- preview of this here: ANZ business confidence data is due on Thursday 31 October at 0000 GMT
0001 GMT UK - GfK Consumer Confidence for October
- expected -13, prior -12
0030 GMT Australia Building Approvals for September
- expected 0.0% m/m, prior -1.1%
- expected -25.7% y/y, prior -21.5% (Yes, also ugly but rising house prices may provide a glimmer of hope for this sector in the months ahead. Emphasis on may though.)
0030 GMT Australia Private Sector Credit for September
- expected 0.3% m/m, prior 0.2%
- expected 2.7% y/y, prior 2.9%
0030 GMT Australia terms of trade data for Q3
- Import Price Index expected 0.5% , prior 0.9%
- Export Price Index expected -0.5% , prior 3.8%
0100 GMT China official PMIs for October
- Manufacturing expected 49.8% m/m, prior 49.8%
- Non-manufacturing expected 53.6% y/y, prior 53.7%
- Composite prior 53.1 9services holding this up in expansion)
