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BoJ Tankan Survey On Tap For Monday

The Bank of Japan is on Monday scheduled to release its quarterly Tankan survey on business sentiment, highlighting a busy day for Asia-Pacific economic activity.

The large manufacturing index is expected to show a score of -1, up from -4 in the fourth quarter of 2011. The outlook is expected to come in at 2, up from -5. The non-manufacturing index is called to rise to 5 from 4 in the previous three months, while the outlook is tipped to jump from 0 to 6. Capex is called lower, however, sinking to 0.8 percent from 1.4 percent. Japan also will see March figures for vehicle sales; they were up an annual 31.9 percent in February.

Australia will release February data for building approvals, plus the AIG Performance of Manufacturing Index for March, the inflation forecast from TD Securities and the RBA's commodity price index.

The PMI came in at 51.3 in February, while building approvals are expected to rise 0.5 percent on month but fall 5.3 percent on year. That follows the 0.9 percent monthly gains and the 14.6 percent annual contraction in January. The inflation forecast came in at 2.0 percent on year and 0.1 percent on month in February, while the commodity price index in March saw a 3.5 percent annual jump to a score of 98.1.

South Korea will provide consumer price index figures for March, with analysts expecting the inflation rate to rise to 3.2 percent from 3.1 percent in February.

Thailand will see the March results of its consumer confidence survey, with forecasts suggesting a score of 66.0, up from 65.5 in February.

Indonesia will announce February numbers for imports, exports and trade balance, as well and the inflation rate for March. Imports are expected to rise 23.0 percent on year following the 16.0 percent annual expansion in January. Exports are called higher by 6.5 percent after rising 6.1 percent in the previous month. The trade balance is tipped to show a surplus of $0.85 billion, down from $0.92 billion a month earlier. The inflation rate is expected to come in at 4.01 percent, up from 3.56 percent in February.

Finally, the stock markets in China are closed on Monday through Wednesday for Tomb Sweeping Day; they will re-open on Thursday.

by RTT Staff Writer

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