The US PPI will come out on Thursday, May 12, at 15:30 MT time.
BOJ doesn’t change its policy
On Thursday, the Bank of Japan kept monetary policy intact and also offered a more positive view of the national economy than the previous month, indicating its confidence that a pick-up in overseas demand will assist to sustain an export-driven revival.
However, Japan’s major financial institution moderately reduced its inflation prediction for this fiscal year in a quarterly review of its projections, telling that it’s about to maintain its massive monetary stimulus for the time being to meet its ambitious 2% objective.
As the BOJ revealed, Japan's economy has been turning towards a modest expansion, compared with last month's assessment that the Japanese economy keeps reviving modestly as a trend.
In a widely expected move, Japan’s major bank maintained the 0.1% interest charged on a portion of excess reserves, which commercial banks park at the major bank.
At the two-day policy gathering, which ended on Thursday, the major bank also kept its yield objective for 10-year government bonds around 0%.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.