The Philippines will announce February numbers for imports and trade balance, headlining Friday's Asian economic news. Analysts are expecting imports to contract 30.6 percent on year after the 34.5 percent annual decline in January. The trade balance is forecast to show a $615 million deficit after the $759 million shortfall in the previous month.

Japan will provide corporate service prices for March and all industry activity for February. Service prices are called lower by 2.6 percent on year - the same as in the previous month. Industry activity is forecast to drop 2 percent on month after the 1.7 percent fall in January.

South Korea will provide Q1 data for its gross domestic product. Analysts are looking for a 4.6 percent annual contraction following the 3.4 percent decline in the previous three months.

Singapore will announce industrial production figures for March. Forecasts call for a 24 percent annual decline after the 22.4 percent fall on year in February. On month, output is called lower by 0.3 percent after the 2.5 percent contraction in the previous month.

Thailand will announce foreign reserves numbers for the week ending April 17. Forecasts call for an increase of 115.5 percent on year after the 115.7 percent annual jump a week earlier.

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