BoJ Tankan Survey On Tap For Monday

The Bank of Japan will on Monday release its quarterly Tankan survey of business sentiment, setting the pace for a busy day in Asia-Pacific economic activity.

The large manufacturers’ index is expected to see a score of 14, up from 10 in the previous three months – while the outlook is expected to rise to 13 from 8.

The large non-manufacturers’ index is tipped to rise from 18 to 19, while the outlook is expected to climb to 19 from 16. But capex is expected to fall 0.3 percent after jumping 5.5 percent in the three months prior.

Australia also will release a batch of data, including February numbers for building approvals and retail sales, as well as March results for job ads, the inflation forecast from TD Securities and the Performance of Manufacturing Index from AiG.

Building approvals are expected to slide 1.5 percent on month and 14.5 percent on year after gaining 1.8 percent on month and falling 12.0 percent on year in January. Retail sales are tipped to gain 0.3 percent on month, slowing from 0.4 percent in the previous month.

Job ads were down 0.7 percent on month in February, while the inflation forecast put CPI at -0.3 percent on month and up 2.1 percent on year. The manufacturing index score was 59.3.

Australia also will see March data for the RBA’s commodity index; in February, the index surged 56.0 percent on year to a score of 120.9.

Indonesia will release March numbers for consumer prices. In February, overall inflation was up 0.23 percent on month and 3.83 percent on year, while core CPI was up 0.37 percent on month and 3.41 percent on year.

Thailand will provide March numbers for producer prices; in February, prices were up 0.7 percent on month and 3.9 percent on year.

Several countries will see March results for their respective manufacturing PMIs from Nikkei, including Indonesia, Japan, Malaysia, Myanmar, the Philippines, South Korea, Thailand and Vietnam.

Finally, the markets in Taiwan and China are off until Wednesday for Tomb Sweeping Day.

The material has been provided by InstaForex Company –

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