Investors will focus on the Bank of Japan's first policy meeting under new governor Kazuo Ueda.
from Alphabet, Microsoft and Amazon are due. Tesla shares fell 13% last week after an earnings miss, the biggest fall in almost a year.
Back in Asia, the BOJ spotlight falls on Kazuo Ueda after a decade of uber-dove Haruhiko Kuroda. It is unlikely that Ueda, on his debut, will bin Kuroda's super-loose policy so soon, but that is exactly what Marcel Thieliant at Capital Economics thinks. Thieliant is probably in a minority of one, but Ueda will likely steer the BOJ in a more hawkish direction sooner or later. Inflation is higher and stickier than officials had expected and many analysts say YCC has distorted the functioning of the bond market.data on Friday showed that price growth in March held steady above the BOJ's target, while a narrow measure of core prices rose at the fastest annual pace in four decades.
Ueda has insisted that the current policy will remain in place for now, damping down prospects of a shift this week. The central bank's revised inflation and growth forecasts might also give a clue as to when it will tweak or abandon YCC.On the data front Monday, the consensus estimate for Singapore annual headline and core inflation in March is for a decline to 5.60% from 6.30% and to 5.1% from 5.5%, respectively.
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