A look at the day ahead in Asian markets from Jamie McGeever.
Ueda said it was appropriate to maintain the bank's ultra-loose monetary policy for now as inflation has yet to hit 2% as a trend, suggesting he will be in no rush to dial back its massive stimulus.
At the same time, the BOJ must also avoid being too late in normalizing monetary policy, a sign he will be more open to tweaking its controversial 'yield curve control' policy than his dovish predecessor Haruhiko Kuroda.Chinese stock markets, meanwhile, get a chance to recover from Monday's 0.5% fall - the steepest in three weeks - now that Beijing has completed itsInvestors can turn their attention back to the economic data, specifically inflation on Tuesday.
The annual rate of consumer price inflation is expected to remain unchanged at 1.0%, the slowest in a year, and the monthly rate is expected to rise to 0% from -0.5% in February. If these forecasts are broadly accurate, price pressures in China would appear to be extremely benign, giving the central bank room to loosen policy and stimulate the economy.
In South Korea, the central bank looks to have ended its tightening cycle and will likely keep its main interest rate on hold at a 15-year high of 3.50% on Tuesday. With the economy on the brink of recession, it could well cut rates later this year.- IMF/World Bank spring meetings in WashingtonOur Standards:
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