Here is what’s on the economic calendar in Asia today

Once again ladies
and gentlemen – New Zealand, Australia and Hong Kong are all closed
today – leaving Singapore and Japan as the major forex trading
centres open for business.

On the data front:

2350GMT – Bank of Japan Tankan for Q1

The BOJ Tankan
Survey as a survey of manufacturing and service companies designed to
assess business conditions in Japan, its conducted quarterly.

  • Tankan Large Manufacturing Index, expected 25, prior was 26
  • Tankan Large Non-Manufacturing Index, expected 24, prior was 25 
  • Tankan Large Manufacturing Outlook, expected 22, prior was 21
  • Tankan Large Non-Manufacturing Outlook, expected 21, prior was 20
  • Tankan Large All Industry Capex, expected 1.0%, prior was 6.4% 
  • Tankan Small Manufacturing Index, expected 14, prior was 15 
  • Tankan Small Non-Manufacturing Index, expected 8, prior was 9
  • Tankan Small Manufacturing Outlook, expected 10, prior was 11 
  • Tankan Small Non-Manufacturing Outlook, expected 5, prior was 4

0030GMT – Japan – Nikkei / Markit Manufacturing PMI for March

  • the preliminary reading for this (released March 22) was 53.2
  • prior (for February)
    was 54.1

From the flash
result, major points:

  • Weakest improvement in business conditions since October 2017
  • New orders increase, albeit to weakest extent in five months
  • Job creation eases amid joint-softest pace of output growth since July 2017
  • 18th consecutive month of new order increase
  • output prices
    accelerated a little (an indication of increasing demand)

0100GMT – Australia – Private inflation data, a monthly gauge
from the Melbourne Institute


  • -0.1% m/m
  • 2.1% y/y
  • trimmed mean 2.2%

0110GMT – Bank of
Japan JGB buying operation

  • 10-25, 25+ years to

0145GMT – China –
the private survey Manufacturing PMI from Caixnin / Markit

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