Asian shares brace for BOJ meeting, U.S. inflation test

Transcript

00:00 Asian stocks started the week cautiously as Japan's central bank considers moving away

00:04 from negative interest rates and a key U.S. inflation reading is expected to impact interest

00:10 rate cuts.

00:11 The bank of Japan is not expected to make any definitive moves at its meeting, but analysts

00:16 believe it may start laying the groundwork for a shift away from negative rates.

00:22 Analysts forecast in U.S. there is a rise in the core personal consumption expenditure

00:27 index for November, with the annual inflation rate slowing to its lowest since mid-2021.

00:33 The Fed fund futures imply a 70 percent chance of a rate cut as early as March.

00:39 The dovish outlook for U.S. rates has cost the dollar to slip against a basket of currencies,

00:45 and markets also anticipate easing from the European Central Bank and the Bank of England.