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Financial News: Japan Interest Rate Decision Due On Wednesday

Japan Interest Rate Decision Due On Wednesday

09/21/2021 - 18:00:00 (RTTNews)

(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The bank is widely expected to keep its benchmark lending rate steady at -0.1 percent, although other forms of stimulus may be introduced.

Australia will see August results for the leading economic index from Westpac Bank; in July, the index slipped 0.12 percent on month.

Taiwan will release unemployment data for August; in July, the jobless rate was 4.36 percent.

China will provide updated prime rates for its one-year and five-year loans; previously, they were 3.85 percent and 4.65 percent, respectively.

Finally, the markets in South Korea (Chuseok Festival) and Hong Kong (Mid-Autumn Festival) are closed on Wednesday; both return to action on Thursday.

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