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Bank Of Japan Rate Decision Due On Friday

Thu, 8th Mar 2018 22:31

BEIJING (Alliance News) - The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.

The central bank is widely expected to keep its benchmark lending rate unchanged at -0.1%.

Japan also will see January results for labor cash earnings and household spending, as well as February figures for money stock.

Labor cash earnings are expected to rise 0.6% on year after gaining 0.7% in December. Real cash earnings are tipped to fall 0.7% after easing 0.5% in the previous month. Household spending is expected to fall 0.8% on year after falling 0.1% a month earlier.

The M2 money stock is called higher by an annual 3.3%, slowing from 3.4% in January. M3 is pegged at 2.8%, down from 2.9% a month earlier.

China will release February numbers for consumer and producer prices. CPI is expected to rise 3.8% on year, slowing from 4.3% in January. PPI is called at 2.4%, up from 1.5% a month earlier.

Copyright RTT News/dpa-AFX

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