Economists expect the BOJ to raise rates to 0.1%, up from its current range of 0% to 0.1%, according to a Reuters poll.
The Bank of Japan's two-day monetary policy meeting kicks off Tuesday as traders for details on benchmark interest rates and the bond buying program.Asia-Pacific markets are set to fall on Tuesday as the Bank of Japan kicks off its two-day monetary policy meeting.When the meeting concludes Wednesday, the BOJ is expected to raise its benchmark interest rate and trim its Japanese government bond purchases.
Data expected Tuesday include Japan's July unemployment rate, which is forecast to hold steady at 2.6%, according to a Reuters poll of economists.futures pointed to a weaker open for the market after jumping more than 2% on Monday, with the futures contract in Chicago at 38,330 and its counterpart in Osaka at 38,290 compared to the previous close of 38,468.63.
Economists don't expect the Fed to make any changes to the federal funds rate during this meeting, but traders will look for clues on whether the central bank will cut rates in September.Investors are punishing stocks that miss earnings more than normal this seasonGymnastics
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