The big event today from Japan is the end of the two-day Bank of Japan (BOJ) meeting. No change to policy is expected, so we’ll be focusing on the accompanying statement to get a feel for how the BOJ is viewing economic developments and the likelihood (or not) of further easing. So far they have been adamant that the economy is on track and will continue to grow despite the upcoming sales tax hike. Hmm, We’ll see.

Before the BOJ announcement we’ve got:

2350GMT:

  • Money Stock M2 for February y/y, expected is +4.4%, prior was +4.4%
  • Money Stock M3 for February y/y, expected is +3.5%, prior was +3.5%