Japan is on Wednesday scheduled to release April figures for retail sales, highlighting a modest day for Asia-Pacific economic activity.
Retail sales are expected to be flat on month and dip 0.5 percent on year following the 1.4 percent monthly decline and the 0.3 percent annual contraction in March. Large retailer sales are expected to drop 0.6 percent on year after rising 2.4 percent in the previous month.
Australia will see Q1 results for construction work done, as well as March results for the Westpac leading index. Construction work is expected to add 1.0 percent after easing 0.1 percent in the previous three months. The Westpac index was up 0.6 percent on month in February.
South Korea will release April numbers for its current account balance; in March, the surplus was $4.98 billion.
Singapore will provide PPI data for April; in March, producer prices were down 1.1 percent on month and 7.2 percent on year.
The central bank of Thailand will conclude its monetary policy meeting and then announce its decision on interest rates. Analysts are split on the benchmark rate decision, with some expecting no change from the current 2.75 percent - while others are looking for a 25 basis point cut to 2.50 percent.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.