Japan is scheduled to release final numbers for February industrial production and capacity utilization on Wednesday, headlining a light day for Asian economic news. In the preliminary report, output was down 31 percent on year and 10.2 percent on month. Capacity utilization saw an index score of -12.9 in the previous reading.

South Korea will announce the seasonally adjusted unemployment rate for March. Analysts are expecting the rate to move up to 3.6 percent from the current 3.5 percent.

Singapore is set to release retail sales numbers for February. Analysts are predicting a decline of 8.8 percent on year following the 12.2 percent annual decline in January. On month, retail sales are seen higher by 2.6 percent after the 9.9 percent decline in the previous month.

Also, the Stock Exchange of Thailand is closed through Thursday for the Songkran Festival.

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