Japan Machine Orders On Tap For Thursday

Japan is scheduled to release October numbers for key machinery orders on Thursday, headlining a modest day for Asian economic activity. Also due are November numbers for its corporate goods price index.

Machinery orders are predicted to decline 4.4 percent on month and 20.9 percent on year following the 10.5 percent monthly gain and the 22 percent annual contraction in September. CGPI is tipped to ease 0.7 percent on month and 6.7 percent on year after falling 0.2 percent on month and 5.1 percent on year in October. Also, the Ministry of Finance will release the weekly capital inflow data for stocks and bonds.

The South Korean central bank will announce its decision on interest rates, with analysts widely expecting the bank to keep rates on hold at the record low of 2 percent.

The Philippines will release October figures for exports, with forecasts calling for a decline of 6.8 percent on year after the 18.3 percent annual contraction in September.

Malaysia will provide October numbers for industrial production. Analysts are predicting a contraction of 3.8 percent on year after the 6 percent fall on year in September.

Finally, the Stock Exchange of Thailand is closed on Thursday in observance of Constitution Day. It will re-open on Friday.

by RTTNews Staff Writer

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