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Japan Inflation Due On Friday

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Japan is scheduled to release December nationwide consumer price index numbers among a raft of data on Friday, headlining a busy day in Asian economic news. Also on tap are December figures for employment, household spending, industrial production, vehicle production and housing starts.

Inflation is expected to contract 1.7 percent on year following the 1.9 percent annual decline in November. Tokyo inflation, considered a leading indicator for the nation, is forecast to fall an annual 2.1 percent after shedding 2.3 percent in the previous month. The unemployment rate is expected to climb to 5.3 percent from the current 5.2 percent.

Household spending is forecast to add 1.6 percent on year after climbing 2.2 percent in November. Industrial output is tipped to rise 2.5 percent on month and 5.7 percent on year after adding 2.2 percent on month and shedding 4.2 percent on year. Annualized housing starts are predicted to come in at 0.812 million yen after standing at 0.798 million yen in November.

South Korea will provide December numbers for industrial output and service industry output. Industrial output is forecast to surge 30.8 percent on year after the 17.8 percent annual expansion in November. Service sector output is tipped to add an annual 3.4 percent after climbing 3.3 percent in the previous month.

Thailand will release December numbers for imports, exports, trade balance, current account and manufacturing production. Imports are predicted to rise 30 percent on year after shedding 19 percent in November. Exports are expected to climb 27.6 percent after easing 2.6 percent in the previous month. The trade balance is tipped to reflect a surplus of $370 million following the $1.688 billion surplus a month earlier. The current account is forecast to show a surplus of $600 million after the $1.340 million surplus in November. Manufacturing output is expected to jump 24 percent on year after the 8.9 percent gain in the previous month.

(Market News Provided by RTTNews)

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