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Japan is scheduled to release January figures for its consumer price index on Friday, headlining a busy day for Asian economic news. Japan also will provide January numbers for industrial output and retail sales, along with housing starts and construction orders.
Inflation is expected to decline 1.4 percent on year following the 1.7 percent annual contraction in December. Tokyo inflation, considered a leading indicator for the national trend, is tipped to shed 2.0 percent on year after the 2.1 percent annual decline a month earlier.
Industrial production is expected to add 1.0 percent on month and 16.5 percent on year after gaining 1.9 percent on month and 5.1 percent on year in December. Retail sales are tipped to ease 0.2 percent on year and 0.3 percent on month after falling 1.1 percent on month and 0.2 percent on year a month earlier. Housing starts are forecast to fall 11.6 percent on year after the 15.7 percent plunge in December.
Singapore will provide industrial production figures for January. Analysts are expecting output to add 19.3 percent on year but ease a seasonally adjusted 2.1 percent on month following the 14.4 percent annual gain and the 18.1 percent monthly increase.
Thailand will announce January numbers for current account, imports, exports, trade balance and manufacturing production. The current account is expected to show a surplus of $1.003 billion after the $758 million surplus in December. Imports are expected to surge 46.3 percent on year, while exports are seen higher by 29.6 percent. The trade balance is tipped to show a surplus of $736 million following the $122 million deficit in the previous month. Production is expected to climb an annual 36 percent after adding 35.7 percent a month earlier.
Finally, the Malaysian and Indonesian stock markets are closed in observance of the birthday of the Prophet Muhammad. Both bourses will re-open on Monday.
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