Article by ForexTime
On Monday focus will be on GDP data out of Japan which will probably show that the Japanese economy fell into a technical recession in the third quarter, maintaining pressure on the BOJ and Prime Minister Shinzo Abe to support the world’s third largest economy.
On Tuesday, inflation numbers from the U.S. could be the final domino in the Federal Reserve’s track to raise interest rates next month.
Earlier in November a robust report on U.S. employment hardened expectations for the Fed’s first rate increase in nearly a decade and if prices are shown to be rising steadily those views will likely solidify.
Other inflation data also out on Tuesday will be from the U.K. With inflation so far below its 2 percent target the BoE’s Monetary Policy Committee won’t be raising its benchmark rate from a record low 0.5 percent until at least April, a Reuters poll found, putting it several months behind the Fed.
On Wednesday, minutes from the Fed’s October meeting will also be published, giving an insight into the Committee’s decision to remove a key sentence on global risks from its policy statement.
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On Thursday, Japan’s monetary policy statement will be in focus. No change in policy is expected but it could ease monetary policy further early next year, according to nearly half the analysts surveyed by Reuters, as consumer prices fall short of central bank forecasts.
On Friday, the focus will be on Canadian retail sales and inflation numbers.
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