Asia week ahead: Rate meetings in Japan, Australia, Indonesia, Taiwan, Philippines in Stock News 13/06/2026 Japan: BOJ to tighten and disclose JGB purchase plans The main event will be the Bank of Japan (BoJ) policy decision on Tuesday. We expect the BoJ to raise its policy rate by 25 bp to 1.0%, in line with market consensus. The BoJ will also announce its latest Japanese government bond (JGB) purchase plan. It’s a close call, but we expect the BoJ to pause JGB tapering from next April, as market functioning has improved over the past year. A pause could help ease market concerns about further sharp rises in JGB yields. This would also reduce government concerns about higher market rates and allow the BoJ to focus more on policy-rate decisions. Japan’s May consumer price index should remain subdued thanks to government measures, though price pressures are likely to broaden. Chip and car exports should be the main drivers of export growth in May, while higher energy prices are expected to sharply boost imports. Australia: RBA to hold rates as downside risks increase We expect the Reserve Bank of Australia to stay on hold on Tuesday, as recent inflation data surprised to the downside. Moreover, the RBA is signalling that policy is in restrictive territory, but not locked into a one‑way tightening path. A noticeable slowdown in growth at recent meetings and a clear upward drift in unemployment suggest the Bank is becoming more alert to downside risks. Philippines: BSP to hike rates by 25bps amid higher inflation Headline inflation in the Philippines eased as lower transport costs, driven by recent fuel price rollbacks, pulled the headline number down. Food inflation continues to drive overall price gains; it’s becoming increasingly broad‑based beyond rice. Risks to the inflation outlook remain firmly skewed to the upside. We maintain our forecast for CPI inflation to average 5.8% year-on-year in 2026, well above the 4% Bangko Sentral ng Pilipinas (BSP) target. In this