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Financial News: Japan Rate Decision On Tap For Friday

Japan Rate Decision On Tap For Friday

06/15/2017 - 18:00:00 (RTTNews)

(RTTNews) - The Bank of Japan will on Friday wrap up its monetary policy meeting 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 -10 percent, while the 10-year yield target is called flat.

New Zealand will see May results for non-resident bond holdings, as well as for the Performance of Manufacturing Index from Business NZ.

In April, non-resident holdings were at 61.5 percent, while the manufacturing index score was 56.8.

Malaysia will see unemployment data for April; in March, the jobless rate was at 3.3 percent and the participation rate was 67.7 percent.

The Philippines will release Q1 figures for current account; in the previous three months, the current account deficit was $1.032 billion.

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