RTTNews - The Bank of Japan is scheduled to release the minutes from its monetary policy meeting on July 14 and 15, setting the pace for a modest Friday in Asian economic news. Japan also will release its tertiary activity index for June and M2 and M3 money supply data for July. The tertiary index is expected to ease 0.3 percent on month following the 0.1 percent decline in the previous month. M2 money supply was up 2.5 percent in June and M3 added 1.7 percent.

Singapore will provide June numbers for retail sales, with analysts expecting a 9.2 percent decline on year following the 10.3 percent annual fall in May. On a seasonally adjusted basis, retail sales are called higher by 1 percent on month after adding 0.8 percent in May.

Hong Kong will release gross domestic product figures for the second quarter of 2009. Forecasts call for a 5.3 percent contraction on year after the 7.8 percent annual decline in the previous three months.

Thailand will provide foreign reserves data for the week ending August 7, with expectations for a 124.1 percent increase on year following the 123.4 percent annual expansion in the previous week.

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