RTTNews - Singapore is scheduled to release final gross domestic product numbers for the first quarter of 2009, headlining Thursday's Asian economic news. Analysts are predicting an annualized 10.9 percent decline after the 11.5 percent fall in the preliminary report. On quarter, GDP is called lower by 14.3 percent after the 19.7 percent decline reported originally.

Japan will announce March data for its tertiary industry index, with forecasts calling for a decline of 1.5 percent on month after the 0.8 percent monthly decline in February. The Bank of Japan also kicks off its two-day monetary policy meeting, and will announce its decision on interest rates at its conclusion. The Ministry of Finance also will provide weekly capital inflow numbers for stocks and bonds.

Taiwan will provide gross domestic product numbers for the first quarter of 2009. Analysts are predicting a contraction of 9.26 percent on year after the 8.4 percent decline in the previous three months.

Hong Kong will release consumer price index numbers for April. Forecasts call for inflation to ease to 1 percent from the current 1.2 percent.

The Indonesian stock market will be closed on Thursday in observance of the Ascension. The Jakarta Composite Index will re-open on Friday.

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