Traders will be watching the Bank of Japan's rate decision, with economists polled by Reuters expecting the bank to raise rates to 0.1%.
Should the bank raise rates, this will mark the first time since 2010 that its benchmark interest rate stands firmly at 0.1% or higher. Asia-Pacific markets were mixed on Wednesday as investors awaited the Bank of Japan's rate decision and assessed China's business activity data.other analysts are expecting a larger hike.in July, with the official manufacturing purchasing managers' index standing at 49.4, down from 49.5 in June. This figure, however, beat forecasts from a Reuters poll, which expected the PMI to come in at 49.3.June's inflation rate also came in at 3.
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