Japan’s February Current Account Balance JPY1.648T (expected JPY1.437T; prior -JPY1.196T);
March Household Confidence 32.8 (prior 35.2)
South Korea’s February Current Account $6.4B (prior $1.9B)
Wall Street’s positive turnaround on Thursday helped set the tone, although sentiment continued to be pressured by growth concerns linked to the Russia-Ukraine situation and China’s zero-COVID policy, which has Shanghai stuck in an indefinite lockdown.
The China Securities Journal reportedly carried a front page article highlighting an expectation for the PBOC to cut the reserve requirement ratio in Q2.
India’s RBI left its benchmark rate unchanged at 4.00%, as expected, and raised its full-year inflation outlook to 5.6% from 4.5% while calling attention to “tectonic shifts” in the global economy because of the Russia-Ukraine situation.
China’s Cyberspace Administration will be scrutinizing major Internet companies, looking at their algorithms for potential violations in the way they drive ads and content, according to Bloomberg.