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Tokyo investors looking Fed meeting; Japan data next week

Tokyo investors looking Fed meeting; Japan data next week

TOKYO: Investors of Tokyo are eyeing a US central bank meeting to be held on Tuesday and economic data including Japanese inflation next week.

“The Fed is largely expected to complete its tapering, but we also want to keep an eye on what (Federal Reserve chief Janet) Yellen says about the prospects for future policy,” said Kenzaburo Suwa, strategist at Okasan Securities in Tokyo. The market will look to US gross domestic product (GDP) figures for the third quarter on Thursday, as well as a slate of Japanese data including inflation and a one-day Bank of Japan meet on Friday.

The Federal Reserve starts a two-day policy meeting on Tuesday. The central bank plans to exit its massive stimulus programme this month, but a recent slate of mixed US data has thrown into question the strength of the world’s top economy. “Investors will also be paying attention to earnings as another (Japanese) corporate results season has just begun,” Suwa added.