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Japan stocks jump 2.5% to lead gains in Asia as traders assess U.S. inflation data, await BOJ meeting

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The Bank of Japan will start its monetary policy meeting Tuesday, while inflation data will come out from South Korea and Australia.

The week ahead will see a slew of economic data from major Asian economies, including Japan, China and South Korea.

The Bank of Japan is expected to raise rates at its July 30 meeting, according to a Reuters poll of economists. Other key data due from the region includes China's July PMI, while Australia will release its latest set of inflation numbers before the central bank's Aug. 6 monetary policy meeting.leading gains in the region after a key U.S. inflation report late last Friday raised hopes for an interest rate cut.The Nikkei rose 2.74%, while the broad-based Topix was up 2.5%. Should the Nikkei manage to hold on to its gains, this would snap the index's eight-day losing streak.rose 0.

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