The Bank of Japan will release its quarterly Tankan Survey on Wednesday, headlining a busy day for Asian economic news.

The large manufacturers' index is expected to post a score of -55 following -24 in the previous quarter. The large manufacturers' outlook is expected to post a score of -52 following the previous -36. The non-manufacturing index and outlook surveys are both forecast to show a score of -25, while all-industry capex is predicted to fall 12 percent.

South Korea will announce March numbers for inflation, imports, exports and trade balance. Inflation is expected to climb 3.9 percent on year, down from 4.1 percent in February. Imports are expected to decline 33.7 percent on year, while exports are called lower by 21.5 percent. The trade balance is expected to reflect a surplus of $4.8 billion.

Indonesia will provide February numbers for imports, exports and trade balance, along with March data for inflation. Imports are expected to fall an annual 41 percent, while exports are predicted to fall 36.6 percent and the trade balance is forecast to show a surplus of $1.97 billion. Inflation is expected to come in at 7.87 percent, down from 8.16 percent in February.

Thailand will announce inflation data for February. Analysts are expecting a decline of 0.4 percent on year after the 0.1 percent annual decline in January. Core CPI is called higher by 1.5 percent on year after the 1.8 percent increase in the previous month.

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