Malaysia is scheduled to release March numbers for imports, exports and trade balance on Friday, setting the pace for a modest day for Asian economic news.

Imports are expected to contract 26.7 percent on year following the 27.3 percent annual decline in February. Exports are predicted to fall 17.3 percent on year after the 15.9 percent reduction in the previous month. The trade balance is forecast to show a surplus of 11 billion ringgit, down from 11.97 billion ringgit a month earlier.

The Bank of Japan will release the minutes from its monetary policy meeting on 6 and 7. At the meeting, the bank unanimously retained its key interest rate at 0.1 percent and decided to expand the range of eligible collateral for its provision of credit to facilitate money market operations. The BoJ's decision to expand the range of eligible collateral was made with an intention to ensure financial market stability. The central bank said it will accept loans on deeds to municipal governments as eligible collateral.

Finally, the Thailand stock market will be closed on Friday in observance of Visakha Bucha Day. It will re-open for trade on Monday.

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