On Tuesday, the Bank of Japan will publish the minutes from its monetary policy meeting held on October 30-31, marking one of the key events for Asia-Pacific economic activity.
During this meeting, the BoJ Policy Board opted to keep the uncollateralized overnight call rate steady at approximately 0.25 percent, which is the peak since the late 2008 financial downturn. Notably, the Bank of Japan concluded its negative interest rate approach in March and later increased the benchmark rate in July, reaching the present level.
Similarly, the Reserve Bank of Australia is scheduled to release the minutes from its monetary policy meeting conducted on December 9-10.
In that meeting, the RBA Policy Board decided to maintain the cash rate target at a 13-year peak of 4.35 percent. The most recent rate adjustment occurred in November 2023, with a 25 basis point hike, the most significant since the end of 2011.
