Amamiya has been closely involved with the Bank of Japan's current super-easy policies and is considered by markets to be more dovish than some other contenders. In equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7%, with South Korea (.KS11) down 1.0%. Likewise, yields on two-year Treasuries were now up at 4.35%, compared to 4.09% before the data, while 10-year yields climbed to 3.56%. Policy makers from the European Central Bank and the Bank of England will also be making appearances. Higher rates, and thus yields, will stretch equity valuations and challenge the market's bullish outlook for assets including commodities.

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