While the market is focused on the Bank of Japan's decision and Governor Ueda's press conference, a series of key domestic and overseas indicators are also due, including data on the European economy and GDP.
The Bank of Japan will conclude discussions at its Monetary Policy Meeting and announce its decision. The market expects interest rates to remain unchanged, making Governor Kazuo Ueda's (植田 和男) afternoon press conference a focal point, particularly his explanation of the current outlook for prices and wages and his thinking on future rate hikes.
Among domestic economic indicators, Tokyo's core CPI for October will be released in the morning. The year-on-year increase is expected to be 2.7%, in line with the market consensus and unchanged from the previous reading. The September active job openings-to-applicants ratio is expected to be 1.18, and the unemployment rate 2.5%, both unchanged from the previous readings. Industrial production is then expected to show a 1.6% month-on-month increase, while retail sales are expected to rise 3.3%, testing the resilience of private consumption.
September housing starts will be released in the afternoon. Eurozone GDP for September is expected to rise 1.0% quarter on quarter, slowing from the previous quarter's 1.2% increase. The September eurozone unemployment rate is expected to be 6.4%, while Germany's October unemployment rate is also expected to be 6.4%, both unchanged. U.S. employment cost index data, Germany's CPI and other German indicators are due in the evening.
In emerging-market-related news, トグルホールディングス will list on the TSE Growth Market, with its offering price set at ¥4,040. While developments at the Bank of Japan and domestic and overseas indicators will influence the direction of the foreign exchange and bond markets, the G20 Foreign Ministers' Meeting will continue through the 31st.