The Bank of Japan is set to reveal the minutes from its monetary policy meeting that took place on the 18th and 19th of December, which should provide insights into the economic situation for the Asia-Pacific region. The board members of the Bank of Japan unanimously agreed during the meeting to keep a negative interest rate of 0.1 percent on current accounts managed by financial institutions at the central bank. They also decided to set an upper limit of 1.0 percent for 10-year JGB yields.
Furthermore, a glimpse into Japan's economic status will come with the release of Tokyo's inflation figures for January and December statistics for its producer prices as well as its leading index. Back in December, Tokyo's overall inflation saw a 2.4 percent annual increase, while core CPI annually rose by 2.1 percent. The leading index in November posted a score of 108.9, while there was also an annual increase of 2.3 percent in producer prices.
Singapore is also set to release December data for its industrial production. Predictions suggest a 1.9 percent monthly increase and an annual increase of 1.0 percent following a 7.8 percent decrease month-on-month and an annual increase of 1.0 percent in November.
Finally, due to Australia Day, Australian markets will not open on Friday and instead are expected to reopen on Monday.
