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Japan GDP, China Data On Tap For Thursday

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03/10/2010 06:10

Japan is scheduled to release final gross domestic product numbers for the fourth quarter of 2009 on Thursday, headlining a busy day for Asian economic news.

GDP is expected to climb 1.0 percent on quarter after the preliminary reading showed a 1.1 percent gain. Annualized GDP is expected to come in at 4.0 percent, down from 4.6 percent in the preliminary reading. The GDP deflator (-3.0 percent) and nominal GDP (0.2 percent) are expected to remain unchanged from the preliminary figures.

China will release most of its data for February, including CPI, industrial output, PPI, retail sales and urban fixed asset investment. Inflation is expected to come in at 2.5 percent after showing 1.5 percent in January. Output is tipped to climb 19.5 percent on year after jumping an annual 18.5 percent in the previous month. PPI is called higher by 5.1 percent after the 4.3 percent annual increase a month earlier. Retail sales are expected to jump 18.7 on year after the 17.5 percent annual increase in January. Investment is expected to surge 25.6 percent on year.

The South Korean central bank is scheduled to conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely tipped to keep rates on hold at 2 percent.

Malaysia will announce January numbers for industrial production, with forecasts calling for an increase of 11.7 percent on year following the 8.9 percent annual expansion in December.

Thailand will announce the results of its consumer confidence survey for economics in February, with analysts expecting a reading of 71 after showing 71.9 in January.

(Market News Provided by RTTNews)

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