South Korea's central bank will on Thursday announce its decision on interest rates, headlining a day of modest activity in Asian economic news. Analysts are expecting the central bank to hold rates at 2 percent. Last month, the central bank pared interest rates by 25 basis points, from 2.25 percent to a record low 2.00 percent, marking the central bank's seventh rate cut in the last five months.

South Korea also will provide producer price numbers for March, with forecasts calling for an increase of 4 percent on year following the 4.4 percent annual gain in February.

Japan will provide numbers for key machinery orders for February. Analysts are expecting a 6.9 percent decline on month following the 3.2 percent fall in January. On year, orders are expected lower by 36.7 percent after the 39.4 percent decline a month earlier. The Ministry of Finance also will provide weekly capital inflow numbers for stocks and bonds.

Malaysia will announce industrial production numbers for February. Forecasts call for a decline of 13.5 percent on year following the 20.2 percent annual fall in January.

Thailand will provide consumer confidence data for March, with analysts expecting an index score of 66.8 - up from 67.2 in the previous month.

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