Bank of Japan (BoJ) will hold its monetary policy meeting on Tuesday. Markets expect no change for policy at this meeting.Kuroda’s press conference will be watched with regards to his views on decelerating inflation. Elsewhere, February Trade Balance (Wednesday) will be closely watched as to assess whether the recent pickup in real exports continue. Barclays notes as follows:
- We expect the trade deficit (nsa) to shrink to trn (consensus: -1.0trn).
- While we expect February export (sa) to decrease 2.7% m/m from +1.8% in January, we believe export growth remains on track.
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