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New Zealand Inflation Data Due On Thursday

New Zealand will on Thursday release Q1 figures for consumer prices, setting the pace for a modest day in Asia-Pacific economic activity.

Inflation is expected to add 0.8 percent on quarter and 2.0 percent on year after gaining 0.4 percent on quarter and 1.3 percent on year in the three months prior.

Japan will provide March numbers for imports, exports and trade balance. Imports are expected to jump 10.2 percent on year after gaining 1.2 percent in February. Exports are called higher by an annual 6.2 percent after climbing 11.2 percent in the previous month. The trade surplus is pegged at 605.6 billion yen, down from 813.4 billion yen a month earlier.

Japan also will provide March numbers for department store and convenience store sales. In February, nationwide department store sales fell 1.7 percent on year, while Tokyo area department store sales lost 3.1 percent and nationwide convenience store sales were down 1.7 percent.

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep its benchmark lending rate unchanged at 4.75 percent.

Australia will see Q1 data for the business confidence index from NAB; in the previous three months, the index score was +5.

by RTT Staff Writer

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