FX.co ★ Japan Rate Decision On Tap For Friday

The Bank of Japan is scheduled to conclude its monetary policy meeting this Friday, where it is foreseen to maintain its benchmark lending rate at 0.1 percent. This turns the spotlight towards the economic activity in the Asia-Pacific region.

Furthermore, Japan is set to release the Tokyo inflation data for April. It is predicted that the overall inflation will stay at an annual rate of 2.6 percent. Simultaneously, the core Consumer Price Index (CPI) is projected to display a year-on-year increase of 2.2 percent, which is slightly lower than the 2.4 percent increase experienced in the previous month.

In other news, Australia is expected to disclose its first-quarter figures for import, export, and producer prices. Last quarter documented a 1.1 percent increase in import prices and a 5.6 percent rise in export prices. Producer prices saw a quarterly increase of 0.9 percent, resulting in an annual rise of 4.1 percent.

Lastly, Singapore is due to publish its industrial production numbers for March. The anticipation suggests a monthly reduction of 8.8 percent and a yearly decrease of 1.5 percent. This is a follow-up to the substantial 14.2 percent monthly surge and the 3.8 percent annual increase witnessed in February.