August CPI data is due from Japan today. We get a sneak preview of this data from the inflation numbers for the capital. All three main measures remain above the Bank of Japan 2% target in Tokyo:
Later we’ll get the Bank of Japan decision. Despite above target inflation the Bank is expected to remain on hold:
- Bank of Japan meeting begins today, rates expected to kept on hold – Nikkei report
- BOJ to hold key interest rate at 0.50% in September meeting – poll
As always there is no scheduled time for the BOJ announcment. Expect it between 0230 – 0330 GMT (2230 – 2330 US Eastern time). Bank of Japan Governor Ueda’s press conference will follow at 0630 GMT (0230 US Eastern time).
- This snapshot from the investingLive economic data calendar.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at investinglive.com.