Image Source: Pixabay
Inflation figures for Tokyo and Singapore will be in focus over the coming week, alongside a decision on Chinese medium-term lending facility rates.
Japan: Tokyo CPI expected to ease, while US tariffs likely to hurt the manufacturing PMI
Flash purchasing managers’ index data will be released on Monday, followed by Tokyo’s consumer price index on Thursday. Tokyo prices are seen easing slightly amid energy subsidy programs and the stabilisation of fresh food prices. But prices excluding fresh food and energy are likely to remain at a 1.9% rate. In terms of PMIs, we believe that the services component will rise a bit more on solid wage growth. The manufacturing PMI is likely to fall thanks to US tariffs.
Singapore: inflation likely to decline further
We expect consumer price inflation to fall to 0.9% year on year on 24 March, driven by lower import costs and broad-based moderation across major goods and services categories. The fading effects of past goods and services tax (GST) hikes also might affect the data.
China: medium-term lending facility rate and industrial profits data
China’s one-year rate is likely to remain unchanged at 2.0% on Monday when medium-term lending facility rates are updated. We’ll get our first look at industrial profits data in 2025 on Thursday. In particular, we’ll watch to see if profit growth can return to positive territory despite an unfavorable base effect from last year.
Taiwan: industrial production data
Taiwan’s February industrial production data is set for release on Tuesday. The impact of the Lunar New Year may result in a sharp uptick in YoY growth to the high teens, with our forecast at 19.6% YoY.
Key events in Asia next week
Source: Refinitiv, ING
More By This Author:
The Commodities Feed: Sanctions Push Oil Higher FX Daily: Dollar Rebound Can Continue Japanese Core Inflation Data Supports May Rate Hike
Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...
more
Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. ING forms part of ING Group (being for this purpose ING Group NV and its subsidiary and affiliated companies). The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Reasonable care has been taken to ensure that this publication is not untrue or misleading when published, but ING does not represent that it is accurate or complete. ING does not accept any liability for any direct, indirect or consequential loss arising from any use of this publication. Unless otherwise stated, any views, forecasts, or estimates are solely those of the author(s), as of the date of the publication and are subject to change without notice.
The distribution of this publication may be restricted by law or regulation in different jurisdictions and persons into whose possession this publication comes should inform themselves about, and observe, such restrictions.
Copyright and database rights protection exists in this report and it may not be reproduced, distributed or published by any person for any purpose without the prior express consent of ING. All rights are reserved. ING Bank N.V. is authorised by the Dutch Central Bank and supervised by the European Central Bank (ECB), the Dutch Central Bank (DNB) and the Dutch Authority for the Financial Markets (AFM). ING Bank N.V. is incorporated in the Netherlands (Trade Register no. 33031431 Amsterdam). In the United Kingdom this information is approved and/or communicated by ING Bank N.V., London Branch. ING Bank N.V., London Branch is deemed authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.. ING Bank N.V., London branch is registered in England (Registration number BR000341) at 8-10 Moorgate, London EC2 6DA. For US Investors: Any person wishing to discuss this report or effect transactions in any security discussed herein should contact ING Financial Markets LLC, which is a member of the NYSE, FINRA and SIPC and part of ING, and which has accepted responsibility for the distribution of this report in the United States under applicable requirements.
less
How did you like this article? Let us know so we can better customize your reading experience.
