Japan is scheduled to release March trade balance and current account figures among a raft of economic data on Wednesday, setting the pace for a busy day for Asian economic news. Also due are April numbers for bank lending, money supply, bankruptcies and the eco watchers survey.

The trade balance is expected to reflect a surplus of 127.7 billion yen, down from 202.1 billion in February. The current account is predicted to come in at 1.209 trillion yen, up from 1.116 trillion yen in February. The adjusted account is called at 527 billion, easing from 673.4 billion in the previous month.

Adjusted bank lending was up 4.2 percent in March, while lending including trusts added 3.4 percent and lending minus trusts was up 3.6 percent. Money stock M2 is called higher by an annual 2.3 percent, while M3 is expected to rise 1.4 percent. Bankruptcies were up 14.1 percent on year in March, while the eco watchers current survey saw a score of 28.4 and the outlook survey came in at 35.8.

China will release April figures for retail sales and industrial production. Sales are expected to climb 14.5 percent on year after the 14.7 percent annual expansion in March. Industrial output is called higher by 8.6 percent on year, up from 8.3 percent in the previous month.

South Korea will provide the seasonally adjusted unemployment rate for April. Analysts are expecting the rate to climb to 4 percent, up from 3.7 percent in March.

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