Japan Trade Data On Tap For Wednesday

(RTTNews) - Japan is on Wednesday scheduled to release February figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to add 3.1 percent on year after tumbling 9.0 percent in January. Exports are called higher by 0.3 percent after surging 17.0 percent in the previous month. The trade balance is expected to show a deficit of 1,000.8 billion yen following the 1,177.1 billion yen shortfall a month earlier.

New Zealand will post Q4 numbers for current account, with forecasts suggesting a deficit of NZ$3.060 billion. That follows the NZ$5.012 billion shortfall in the previous three months. The current account deficit-GDP ratio is expected to fall 3.3 percent after dipping 2.6 percent in the third quarter.

Australia will see February figures for the Westpac leading index; in January, the index added 0.1 percent.

South Korea will release unemployment data for February, with analysts expecting the jobless rate to hold steady at 3.4 percent.