Asian markets are likely to focus on a string of monetary policy decisions, as central banks in Japan and Indonesia hold their monthly policy meetings this week.
The Bank of Japan (BOJ) will conclude a two-day meeting on Friday and is expected to leave its monetary policy unchanged following governor Haruhiko Kuroda’s comments last week that the yen is unlikely to depreciate further.
“BOJ governor Kuroda’s comments suggests the central bank is comfortable with the dollar-yen exchange rate around 125,” Moody’s Analytics said in a note issued last week. “Overall, the 2 percent inflation target is some way off thus further easing may still be necessary.”
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