It's the turn of Asia's central banks to take center stage this week after central banks in Europe hogged the market spotlight last week.
The Bank of Japan (BOJ) concludes a two-day meeting on Thursday – the same day that central banks in South Korea, Indonesia and Malaysia are all expected to meet. The Bank of Thailand is scheduled to meet on Wednesday.
Weakness in regional powerhouse China and concerns about an outflow of funds from the region amid expectations for an unwinding of U.S. monetary policy mean this week's monetary policy decisions could attract more attention than usual.
Last week, the European Central Bank and Bank of England took markets by surprise by departing from usual practice by giving financial markets a clear steer on its intentions or what is being described as forward guidance.
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"The BOJ is unlikely to take any concrete steps. Another three central bank meetings in Asia, namely Korea, Malaysia and Indonesia, are lined up on Thursday," analysts at Mizuho Corporate Bank said in a note. "South Korea and Malaysia will probably stand pat though the former has scope to ease."