Japan’s economy is in the spotlight in Asia’s business calendar this week as investors look to a suite of economic indicators for signs of recovery following a sales tax hike earlier this year.
Japanese retail sales, industrial output, consumer prices, employment and household spending for the month of September are due, alongside a Bank of Japan meeting. Furthermore, the country’s corporate earnings season is in full swing with heavyweights Canon, Honda Motor, Mitsubishi Motors, Toshiba, Nintendo and Sony reporting this week.
Investors will also be combing through the monetary policy decision by the Federal Reserve following its two-day meeting this week, specifically if the central bank removes the phrase ‘considerable period’ for keeping funds rate low in its statement.
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