Asian Economic News

Japan Data On Tap For Thursday

Japan is scheduled to release a raft of data on Thursday, setting the pace for a modest day in Asia-Pacific economic news. On tap are February figures for core machine orders and March data for money stock and prices for corporate goods.

Core machine orders are expected to rise 6.9 percent on month but fall 7.6 percent on year after plummeting 13.1 percent on month and 9.7 percent on year in January. M2 and M3 money stock are expected to remain unchanged at 2.9 and 2.4 percent, respectively. Domestic corporate goods prices are tipped to add 0.2 percent on month and slide 0.4 percent on year after adding 0.4 percent on month and easing 0.1 percent on year a month earlier.

New Zealand will see the March results for the performance of manufacturing index from Business NZ; in February, it came in with a score of 56.3.

Australia will announce unemployment data for March, with analysts expecting the rate to hold steady at 5.4 percent, with a loss of 7,500 jobs following the addition of 71,500 in February.

The Bank of Korea will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep rates on hold at 2.75 percent.

The central bank in Indonesia also will conclude its monetary policy meeting and announce its decision on interest rates. The central bank is tipped to hold rates at 5.75 percent.

Malaysia will announce February numbers for industrial and manufacturing production. In March, industrial production shed 0.8 percent on month and added 4.6 percent on year, while manufacturing production fell 1.5 percent on month and gained 4.9 percent on year.

by RTTNews Staff Writer

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