Japan is set to release its November import, export, and trade balance data on Wednesday, offering a glimpse into the unfolding economic activity in the Asia-Pacific region.
Imports are projected to increase by 1.0% compared to the previous year, marking a rise from October's 0.4% growth. Meanwhile, exports are anticipated to climb by 2.8% year-on-year, a slight decrease from the 3.1% growth seen in the prior month. The trade deficit is expected to widen to 688.9 billion yen, up from a deficit of 462.1 billion yen recorded the month before.
Simultaneously, Malaysia will release its November import, export, and trade balance figures. Imports are forecasted to grow by 3.8% on an annual basis, an improvement from October's 2.6% increase. Exports are predicted to rise by 0.5% year-on-year, down from the 1.6% increase observed in the previous month. The trade surplus is projected to shrink to MYR8.50 billion, from MYR12.00 billion in the preceding month.
In Thailand, the central bank will conclude its monetary policy meeting and is anticipated to announce that it will maintain its benchmark lending rate at 2.25%.
Lastly, Australia will receive the November figures for the leading economic index from the Melbourne Institute, after observing a 0.2% monthly increase in October.
The material has been provided by InstaForex Company -
www.instaforex.com
