South Korea is set to announce its December figures for unemployment, imports, exports, and trade balance on Wednesday, marking a relatively calm period for economic activity in the Asia-Pacific region.
Expectations indicate that imports will increase by 3.3% year-on-year, following a 2.4% decline in November. Exports are anticipated to rise by 6.6% annually, up from 1.4% in the previous month. The trade surplus is projected to be $6.49 billion, an increase from $5.59 billion recorded a month prior. The unemployment rate for December was 2.7%.
In Japan, the December data for the M2 money supply is also anticipated, with forecasts suggesting it will remain steady at a 1.2% annual increase.
Meanwhile, Indonesia will release its December figures for imports, exports, and trade balance. Imports are projected to grow by 4.0% year-on-year, an increase from 0.01% in November. Exports are expected to rise by 8.5% annually, slowing down from the 9.14% increase in the previous month. The trade surplus is forecasted to be $4.33 billion, slightly down from $4.42 billion a month earlier.
Additionally, Indonesia's central bank is concluding its monetary policy meeting today, with an announcement on interest rates expected. The consensus is that the benchmark lending rate will remain at 6.00%, with the deposit facility rate at 5.25% and the lending facility rate at 6.75%, all unchanged.
The material has been provided by InstaForex Company - www.instaforex.com
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